SEMATS was launched on June 29, 2001. It constitutes a state-of-the-art electronic trading system built on third generation technology. Trading in securities is no longer floor-based; instead, it is conducted through dedicated trading workstations located at stockbroking firms and linked by communication lines to the SEM trading engine. SEMATS is a user-friendly trading system that, besides rendering trading in securities more efficient, speedier and fairer, incorporates a wealth of trading data and internet-trading capabilities.
Since December 15, 2003, the trading, clearing and settlement of Government of Mauritius Securities/Bank of Mauritius Bills have started on the Stock Exchange of Mauritius. Sales/purchase orders for Government of Mauritius Securities/Bank of Mauritius Bills may be effected through the eleven licenced stockbroking companies. The purchase of Government of Mauritius Securities/Bank of Mauritius Bills on the Stock Exchange is restricted to Mauritian citizens and is limited to a maximum of 20 units per order (one unit = MUR 100,000 nominal). The clearing and settlement of transactions effected are handled by the Central Depository, Clearing and Settlement Co. Ltd.
