Casablanca Bourse Offers Derivatives as Morocco Seeks EM Return
Morocco plans to launch derivatives trading on its local marketsoon as the North African co-host of the 2030 FIFA World Cup seeks to win back emerging-market status.
Centrally cleared instruments, including interest-rate and single-stock futures, will attract a deeper pool of investors as the nation prepares to finance a surge in infrastructure spending, Casablanca Exchange Chief Executive Officer Tarik Senhaji said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
31 minutes ago
- Bloomberg
Carney to Fast-Track ‘Nation-Building' Projects Through Bill
Prime Minister Mark Carney announced legislation on Friday to fast-track 'nation-building' projects in Canada and remove internal barriers to trade in an effort to shore up the country's economy from the US tariff barrage. The bill that aims to build 'one Canadian economy' targets projects that may include ports, railways, highways, critical-mineral mines, oil pipelines and electricity transmission systems. The government's overall goal is to speed up approvals to two years.
Bloomberg
2 hours ago
- Bloomberg
B. Riley Financial Wins Nasdaq Extension to Head Off Delisting
B. Riley Financial Inc., still struggling to produce its overdue financial reports, won an extension from Nasdaq to keep trading on the exchange till the end of the third quarter. The firm will be required to make good on all its delinquent filings by Sept. 29, B. Riley said in a statement. The shares rose 4.1% to $3.05 at 10:24 a.m. in New York.
Bloomberg
4 hours ago
- Bloomberg
Hedge Fund Taula Beat Out Two Rivals and Goldman Sachs to Poach Top Trader
A one-year-old hedge fund beat two of its top rivals to hire a veteran Morgan Stanley trader shortly before he was due to start co-running the volatility trading desk at Goldman Sachs Group Inc. Mehdi Belhachmi is slated to join Diego Megia's Taula Capital Management in the coming months as a portfolio manager, according to people familiar with the matter. His hiring came as a surprise to Goldman, which had been expecting him to join in August to help lead volatility trading alongside Jules Gruner, the people said, asking not to be identified discussing non-public information.
