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BSE, Mauritius Stock Exchange tie up to promote financial mkts

Press Trust of India  |  New Delhi 

Leading bourse BSE today said it has entered into an agreement with Stock Exchange of Mauritius (SEM) for collaboration in areas including investments, products and cyber security.

The strategic partnership aims at enhancing exchange of knowledge, information, technology and expertise.

"The BSE has entered into a Memorandum of Understanding (MoU) with the Stock Exchange of Mauritius identifying broad areas for collaboration, which inter-alia include, investments, products, cyber security and various other initiatives." the Indian exchange said in a statement.

The MoU was signed during India Mauritius Global Partnership Conference, in the presence of Mauritius Prime Minister Anerood Jugnauth and other dignitaries.

"India and Mauritius have traditionally been wonderful partners. The relationship between the two countries is based on shared civilizational heritage, common relationship and culture. Many times, we refer to the relationship between two countries as cordial and umbilical, as well as unique and special," BSE Managing Director and Chief executive Ashishkumar Chauhan said.

BSE is the world's fastest exchange with a median trade speed of six microseconds, while SEM operates a multi-currency capital raising, listing and trading platform in four currencies -- dollar, euro, pound sterling and ZAR (South African Rand).

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First Published: Mon, July 25 2016. 19:42 IST