Deutsche Börse teams up with AFSX
Mauritius-based African Stock Exchange (AFSX) plans to use the technology and support services of Deutsche Börse’s Xetra trading venue.
The cooperation with AFSX, a start-up aimed at offering securities trading for the whole of Africa will allow Xetra trading participants to achieve easier access to the African financial markets through the Deutsche Börse infrastructure.
Moreover, market participants in Africa will have technical access to a large pan-European trader network.
Dhaneshwar Damry, Chairman of the AFSX said, “a truly pan African stock exchange is vital to develop local entrepreneurship and innovation that will spur job creation and accelerate the development of the African continent. This ground-breaking partnership brings together a team of talented Africans driven by a strong sense of purpose with the technology, trading partners and expertise from Deutsche Börse.”
AFSX has applied for a stock exchange license which is subject to the regulatory approval of the Mauritius Financial Services Commission (FSC).