UNIVERSITY OF TECHNOLOGY, MAURITIUS AND BOURSE AFRICA LAUNCH A VIRTUAL TRADING SIMULATION LABORATORY


The Bourse Africa Trading Simulation Laboratory will allow students of University of Technology, Mauritius (UTM) to enhance their practical financial market knowledge and develop trading skills in commodity and currency derivatives.

From left to right: Mr. Rinsy Ansalam, Managing Director and CEO of Bourse Africa Limited - Mr. K. B. Nowbutsing, Senior Lecturer, SAFE, UTM - Dr. Hemant B. Chittoo (CMILT), Ag. Director General of UTM - Dr. Kesseven D Padachi, Head of SAFE, UTM - Mr. Sulliman Adam Moollan – Director, Bourse Africa - Mr. Ranapartab Tacouri – Director, Bourse Africa

Mauritius, March 13, 2014: With the objective of fostering financial talent and further development of Mauritian financial markets, Bourse Africa launched a virtual trading simulation laboratory in collaboration with The University of Technology, Mauritius. The virtual laboratory, situated at the university premises, was inaugurated by Mr. Rinsy Ansalam, Managing Director & CEO of Bourse Africa Limited in the presence of Dr. Hemant B. Chittoo (CMILT), Ag. Director General of University of Technology, Mauritius.

From left to right: Dr. Hemant B. Chittoo (CMILT), Ag. Director General of UTM - Mr. Rinsy Ansalam, Managing Director and CEO of Bourse Africa Limited

The setting up of this laboratory will allow UTM students to trade on a virtual simulated environment that would replicate the actual market. Bourse Africa will be conducting periodic workshops to train the students on the technology, trade execution and various other aspects pertaining to financial markets. The tech centric trading simulation laboratory hosts world class trading technology that will allow participants to understand the role of technology in democratizing markets by creating awareness and enhancing market access.

“As a university committed towards providing students with an innovation driven learning environment that matches global standards, we are glad to invite Bourse Africa for setting up this state of the art laboratory. Our students will get a practical understanding of trading and will also understand the dynamics of global financial markets – which I strongly believe will enhance their competitiveness.” said Dr. Hemant B. Chittoo, CMILT, Ag. Director General, University of Technology, Mauritius.

Mr. Rinsy Ansalam, MD & CEO of Bourse Africa said, “We highly appreciate University of Technology, Mauritius for its approach towards capacity building and bridging the gap between theory and practice for its students. Mauritius is geared towards becoming the Investment Banking hub for Africa and we need to foster capable leaders in the financial market domain to take the growth story forward. With the trading simulation laboratory, we reiterate our commitment towards the development of financial market talent in Mauritius and Africa. The lab will allow students to get a real time experience of the markets and gain the ability to understand the role of trading, investing and risk management.”

Collaboration between UTM and Bourse Africa

The collaboration between UTM and Bourse Africa started with an academic workshop on the “Art of Trading” which was held at the Bourse Africa office in Ebene. The workshop was attended by full time academicians from the different schools. Thereafter, a series of workshops on financial markets were organized for UTM’s students having a background in accounting, banking, economics and finance with the objective of exposing students to the functioning of exchange markets and initiate them to trading.

The following major activities have already been successfully conducted in 2013: Bourse Africa conducted a Training for UTM academics on ‘art of trading’; Series of workshop for undergraduate students on Trading and Investing that proved to be a grand success as it was a real insertion for the around 200 students into the world of financial markets; A more specialised workshop on derivatives was organised in October 2013 for MBA finance students.

Source: www.bourseafrica.com


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