Fez – The Casablanca Stock Exchange teamed up with TradingView this week to launch a new platform called as part of a plan to make the stock market more accessible while strengthening the Casablanca Stock Exchange’s financial education policy.
This platform is dedicated to virtual trading and learning for people interested in the stock market, reported the Moroccan state media SNRT.
The effective launch of the innovative e-stock market platform took place on Wednesday, February 21, added the same source.
Moroccan Economy and Finance Minister Nadia Fettah Alaoui, Delegate Minister for Digital Transition and Administration Reform Ghita Mezzour, Bank Al-Maghrib General Director Abderrahim Bouazza, as well as Rauan Khassan, Vice-President of TradingView all attended the launching ceremony, the report noted.
“This initiative serves as a vector for the large-scale dissemination of the stock market culture and artificial intelligence in the service of education,” the report quoted Nadia Fettah Alaoui as declaring.
Given the imperatives of the development of a more inclusive market and taking into account the growing sophistication of the products and services offered, financial education should be intensified by designing innovative programs adapted to target populations,” the minister stressed, according to the report.
“In a statement announcing the launch of the new platform, the Casablanca Stock Exchange described itself as strongly involved in innovation, training, popularization, and promotion of the stock market as a discipline and as an essential culture for Morocco’s socio-economic evolution and its entrepreneurial model.
According to the statement, the just launched e-Bourse is intended to equip classrooms, particularly university trading rooms, in both public and private higher education establishments and schools.
The platform also constitutes an opportunity for improvement in stock market investment professions, added the statement, noting that it will allow students to simulate their first steps in stock market investment, to learn how to build their Stock portfolio and to implement thoughtful investment strategies.
This e-Bourse platform was developed by the internal teams of the Casablanca Stock Exchange in partnership with TradingView, the world’s leading stock market analysis and information platform actively used by more than 50 million people.
With this new platform, the Casablanca Stock Exchange is looking to strengthen its commitment to the national financial inclusion strategy and play a supportive role as a useful and accessible stock exchange for Moroccans. In addition, e-Bourse integrates the latest technological advances, including Artificial Intelligence (AI).
As e-Bourse integrates the latest technological advances, including Artificial Intelligence (AI), this new initiative also reinforces the Casablanca Stock Exchange’s ongoing efforts to build a bridge between academies and Morocco’s major economic issues.
Casablanca is currently home to the largest stock exchange in the North African region and boasts a population of more than 3.7 million.
The city also currently holds 33 companies listed on the S&P 500, a stock index tracking the performance of the world’s wealthiest 500 companies.
In addition to being a continental financial hub, Casablanca accounts for 44% of Morocco’s industrial input and generates 33% of the country’s industrial exports.
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