The University of Technology, Mauritius (UTM) and Bourse Africa Limited, the first international multi-asset class exchange from Mauritius, have jointly launched a virtual trading simulation laboratory.

Inaugurated by Rinsy Ansalam, MD and CEO of Bourse Africa Limited in the presence of Director General of UTM, Hemant B. Chittoo, the laboratory, situated at the university premises, will aim at fostering financial talent and furthering the development of Mauritian financial markets.

“As a university committed towards providing students with an innovation-driven learning environment that matches global standards, we are glad to have Bourse Africa set up this state-of-the-art laboratory,” said Hemant B. Chittoo.

Rinsy Ansalam, for his part, stated, “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.”

The Bourse Africa Trading Simulation Laboratory will allow students of UTM to enhance their practical financial market knowledge. Further, it will allow them to develop trading skills in commodity and currency derivatives by giving them the opportunity to trade on a virtual simulated environment that will replicate the actual market.

“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 Hemant B. Chittoo.

“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,” added Rinsy Ansalam.

Bourse Africa will also be conducting periodic workshops to train the students on the technology, trade execution and various other aspects pertaining to financial markets.

Moreover, the tech-centric trading simulation laboratory will 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.

Image (Fox School of Business): The laboratory, situated at the university premises, will aim at fostering financial talent and furthering the development of Mauritian financial markets.

More business news on AfricaMoney