FSC Mauritius invites Financial Technologies to setup International exchange

Financial Technologies India Ltd on November 30, 2006 has announced BSE that Financial Technologies Group has been invited by the Financial Services Commission, Mauritius, to set up an international multi commodity exchange in Mauritius. FSC Mauritius has given an "in principle" approval for the same. This announcement was made at an august gathering chaired by the Honorable Rama Sithanen, Deputy Prime Minister and Minister of Finance & Economic Development, along with Mr. Milan Meetarbhan, CEO of the financial Services Commission, Mauritius, augmented by the top leadership team of Financial Technologies Group led by founder CEO Mr. Jignesh Shah.

Mr. Jignesh Shah, Founder CEO Financial Technologies Group said: "This invitation reiterates the global faith in the real potential of the Indian technology expertise and the domain knowledge of its human intellectual capital in general and proven expertise of Financial Technologies Group in particular. This initiative is unique as it will be a most modern International commodity exchange offering innovative products redefining the commodity trading across the globe. This will truly unlock the potential of an innovative exchange in an open convertible economy."

Source : Equity Bulls

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