Thomson Reuters helps Mauritius cement its status as Africa’s financial gateway
Thomson Reuters in partnership with Financial Markets Association (ACI) hosted an information sharing forum yesterday, at which Governor Rundheersing Bheenick (second from left) pronounced Thomson Reuters a leading purveyor of intelligent information. (Image: Cecilia Samoisi)
Supporting Mauritius in its ambition to become Africa’s financial gateway by providing sophisticated and customizable technology platforms that cater to a specific client’s needs, Thomson Reuters in partnership with Financial Markets Association (ACI) hosted an information sharing forum yesterday, August 13, 2014 at Le Labourdonnais Hotel.
The event, which took place in front of 100-odd high profile guests, was opened by the Governor Rundheersing Bheenick, Bank of Mauritius.
“The ACI is doing a great job and is very intimately involved in the professional planning leg of our business,” said the Governor.
“On the other hand, coming to Thomson Reuters, I recognize in them a leading purveyor of what we call intelligent information, and I think the way the company has grown shows very clearly that the theory of efficient markets works very well indeed,” he said.
The forum served as an occasion to discuss the following topics: Dynamics of Bond Markets globally; Understanding a Yield Curve, the Mauritian Yield Curve; Understanding and Accessing African high yield debt markets; Pricing & funding Bonds, Sovereign and Corporate Bonds dynamics; Auctions; The role of Secondary markets; The Mauritian Fixed Income market; and finally, Thomson Reuters’ systems to leverage trading capabilities.
Being the fourth edition after three consecutive years of successful summits, the event also welcomed such high profile speakers as Sheilesh Rambocus, President, ACI Mauritius and Head of Trading, Barclays, Mauritius; Brigid Taylor, Regional Head, ACI, Africa; Sneha Shah, Head of Financial Business in Africa, Thomson Reuters; and Malcolm Collins, Head of Treasury, Africa, Thomson Reuters.
“Our partnering with ACI is a testament of our commitment to the Mauritian market. We are making every effort to help Mauritius achieve its goal of becoming the financial gateway to Africa, an ambition that is fast gathering momentum thanks to the country’s very progressive reforms to its regulatory structures,” said Sneha Shah.
Finally, Thomson Reuters plans to build on its progress in 2014 with improvements in foreign exchange (FX) commodities and fixed income (FI) products & content; enhancements in platform scalability & technology, FX trade surveillance for market; market tracker and bond auctions, among others.
“Mauritius already offers very attractive tax incentives for companies that want to base themselves here and do business in the rest of Africa, which coupled with its sophisticated financial and regulatory regimes, make the country an ideal location for international investors,” Sneha Shah said.
“Given Thomson Reuters’ unrivalled depth and breadth of sophisticated financial platforms, we believe we are the perfect partner for Mauritius to forge ahead with its goals to become Africa’s financial headquarters,” she concluded.
- By Cecilia Samoisi and Marie-Lorry Coret
About Thomson Reuters:
Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals.
It combines industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world’s most trusted news organization.
Thomson Reuters’ shares are listed on the Toronto and New York Stock Exchanges.
ACI – the Financial Markets Association – is represented in 65 countries globally and has over 12,000 individual members, who are all active participants in global markets throughout the world.
ACI is committed to ensuring effective up-skilling of representatives within Financial Markets to ensure that there is a deep understanding of ethical behavior as well as fair and transparent engagement between participants, particularly in Forex, Fixed Income and Commodity trading.
The ACI is also committed to partnering with organizations that have similar values and is driving an effective global affiliation in Africa.