Bank Al-Maghrib and the Moroccan Capital Market Authority (AMMC) announced on Monday the start of futures trading in financial instruments with first listing of a standard futures contract on the MASI 20 equity index.
A futures market is a regulated financial marketplace where participants buy and sell standardized contracts to deliver commodities or securities at a set price on a future date. It enables hedging against price volatility for businesses and allows speculators to use leverage to profit from price movements in assets like oil, gold, agricultural products, or stock indices
The newly launched “MASI 20 Futures” is based on an index that tracks the 20 largest and most liquid stocks listed on the Casablanca Stock Exchange.
A website dedicated to “the Futures Market Coordination Body” (www.icmat.ma) has been established to provide comprehensive, structured, and accessible information to all stakeholders and the public.
Designed as a central reference information platform, the ICMAT portal is part of Morocco’s financial Authority’s strategy to support futures market participants.
Established under Law 42-12 relating to the futures market of financial instruments, ICMAT ensures the coordination of the actions of Bank Al-Maghrib and the AMMC in the joint control of the futures market.
ICMAT website offers traders a comprehensive information on ICMAT’s organization, the regulatory framework, market participants, and authorized members, as well as practical resources including publications, guides, forms and other data.
