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The GBOT information will be used to improve our knowledge of Gaia's orbit not only in observations to come, but also for all the data that have been gathered from Earth in the previous years, leading to improvements in the data products that will be included in future releases.
"The introductory CFD contracts on GBOT will include GOLD (1 Troy Ounce), WTI Crude Oil (10 Barrels), EUR/USD (1000 Euro) and GBP/USD (1000 GBP)," said the release.
Africa is not the coming big thing, it is already there now." Rinsey Ansalam of GBOT says "the question is no longer should one invest in Africa; the question is can you afford not to invest in Africa?"
Its promoters said GBOT was the first international multi-asset class exchange from Mauritius to offer a basket of commodity derivative products, including metals, energy, agri-soft, as well as currency derivatives.
GBOT's ambition is to create a financial market that is on a par with the best in the world to empower Africa with a medium to catalyse its growth prospects.
GBOT's maiden Daily Pay-Ins and Pay-Outs were completed at 8.30am and 1pm respectively Mauritius time on 19th October 2010, after 9 hour trading session spanning markets across Australia , Asia , Africa & Europe.
African Banker: Why did you select Mauritius to launch GBOT from?
A second later, the message, 'trade completed' appeared, signalling that the Global Board of Trade (GBOT) had gone live and that it, and Africa, were open for business.
GBOT is the first international multi-asset class exchange from Mauritius that will offer a basket of commodity derivative products, including metals, energy, agri-soft, and currency derivative products, on its state-of-the-art electronic exchange platform, with efficient clearing and settlement systems to ensure counterparty guarantee for all trades.
Bosco, the CEO of GBOT, gives further examples from real life.
The jointsolutions includeconnectivity to a limitless array of typicallydisparate sensorsthrough Galaxy gateways, Gbots, WAN connectivity,and security, networkingand virtualization infrastructure via the Qube IT as a System .
The joint solutions include connectivity to a limitless array of typically-disparate sensors through Galaxy gateways, Gbots, WAN connectivity, and security, networking and virtualisation infrastructure via the Qube IT as a system.
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- Gbowee, Leymah Roberta