Emerging Exchanges: Partnering for Power
Exchanges in emerging markets are teaming up with developed exchanges for technology and knowledge.









When the board of the Casablanca Stock Exchange (CSE) first looked at upgrading its trading platform in 2013, the idea was to simply buy technology. Soon, though, the realization came that modern technology alone wouldn’t solve a problem the CSE had suffered from since the global financial crisis.
“What’s the use of having a trading platform if you have no liquidity? That’s the point,” says Karim Hajji, CEO of the CSE. “We said, okay, it’s nice to have a good trading platform, to have nice
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