Bank Al-Maghrib, AMMC Launch ICMAT Portal With First MASI 20 Futures Listing

Casablanca – Bank Al-Maghrib (BAM)  and the Moroccan Capital Market Authority (AMMC) launched today the institutional portal of the Futures Market Coordination Body, known as ICMAT, in a move that coincided with the historic start of Morocco’s financial futures market.

The launch came with the first-ever listing of the “Future MASI 20,” a standard futures contract tied to the MASI 20 index, which tracks the 20 most liquid stocks on the Casablanca Stock Exchange. The debut marks the operational start of a long-prepared market segment aimed at giving investors new tools to hedge risk, take market positions, and improve price discovery.

The new portal is designed as a central information platform for market participants and the public. It brings together the institutional framework of the body, the legal and regulatory texts governing futures trading, detailed information on market companies and authorized members, as well as a resource center that includes publications, press releases, practical guides, forms, and a frequently asked questions section.

Read also: Casablanca Stock Exchange Opens Higher as MASI Gains 1.03%

The timing is deliberate. Morocco’s authorities are rolling out the digital platform alongside the first phase of the futures market itself, part of a broader modernization drive for the country’s capital markets.

Finance Minister Nadia Fettah announced in February that April 6 would mark the official go-live date for the market, calling it a structural step for the financial ecosystem.

ICMAT was established under Law 42-12 on futures financial instruments and is tasked with coordinating the joint oversight work of Bank Al-Maghrib and the AMMC. The portal extends that mission into a public-facing digital space, making a still-new market architecture easier to navigate.

At launch, the MASI 20 future opens with four quarterly maturities listed simultaneously, running from June 2026 through March 2027, with contracts cash-settled and backed by a margin system managed through the clearing infrastructure.

For Morocco, the portal is part of the plumbing behind a new market layer, one built to support more sophisticated trading strategies while bringing greater transparency to a segment that regulators hope will deepen liquidity and strengthen Casablanca’s regional financial standing.

Morocco World News is also on X — check out our latest posts now! Get MWN on iOS and Android for instant access to breaking news.

The post Bank Al-Maghrib, AMMC Launch ICMAT Portal With First MASI 20 Futures Listing appeared first on Morocco World News.