CSE: Hajji announced several reform projects

With even more benefits to boost the financial market, the futures will allow institutional investors to provide new tools to better manage, among other things, interest rate risk and equity portfolio, he said to MAP on the sidelines of the signing of partnership agreements between the Casablanca Stock Exchange (CSE) and eight higher education institutions, adding that institutional investors can better secure their investments and actively manage their portfolios.

Indeed, the futures market works on the same principle of buying and selling shares, fixed income and currencies, except the payment is made at the end of the period agreed between the buyer and the seller .

The advantage of this market lies in the commitment of both parties to carry forward the process according to the conditions laid down in advance. This therefore allows prevention against the fluctuation of risk assets.

Futures markets in general expand their business in derivative contracts. These two operations are combined and specialists often speak of "futures and derivatives". The stock exchanges concernedat the continental or global level generally have much higher transaction volumes than those spot markets.

"We are preparing a new reform affects both market infrastructure that legislative and regulatory framework," he noted, for its part, the development director of the CSE, Badr Ben Youssef, noting that this reform will contribute to a more rapid development of the Moroccan financial market.

He stressed in this context the need for the CSE to reorganise and adopt a regulatory flexibility allowing it to innovate and adapt to market needs and business.

Is no longer a luxury, but a necessity, financial education is the place to Casablanca, which is a strategic part of the promotion of the market, with the aim to build a better financial future for future investors , which are other than children and young people today, is also Ben Youssef.

Financial education is our mission, he said, because it is essential to give the existing investors and prospective investors, the basic tools that are essential to better manage their portfolios, but also open the market and stay there.

Under the sign of the action, the year 2013 was marked by the launch of the "Bourse in Action", a collaboration between the association INJAZ Al-Maghrib and CSE.

This program is 100 per cent  Moroccan was developed in order to introduce students to the world of the Moroccan stock market and financial products in a simple and playful, and took classes at eight public schools eight drivers of the economic capital, with the prospect of enlargement to all academies in the Kingdom.

CSE  also received on 18 to 22 March , 252 children aged 7-17 years enrolled in nine schools in the city, and within the framework of the 2nd edition of the Days of  Finance for Children and Youthand  also signed partnership agreements with higher education institutions, public and private, in order to strengthen the relationship between the stock market  and  Moroccan schools and universities.