Morocco has launched a new institutional portal for its financial derivatives market, coinciding with the debut of its first futures contract linked to the MASI 20 index.
The country’s central bank, Bank Al-Maghrib (BAM), and the Capital Markets Authority (AMMC) announced in a joint statement the rollout of the new website of the Futures Market Coordination Authority (ICMAT).
The launch comes with the listing of the first futures contract, “Future MASI 20,” tracking the MASI 20 index, which includes the 20 most liquid and actively traded companies listed on the Casablanca Stock Exchange.
ICMAT, established under Law 42-12, coordinates oversight between the central bank and the capital markets authority, particularly in supervising derivatives trading.
Futures tied to the MASI 20 index are expected to support price discovery, improve liquidity, and offer portfolio diversification.
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