Financial Technologies India Ltd has launched the Bahrain Financial Exchange (BFX).
The BFX is regulated by the Central Bank of Bahrain (CBB). It has been given approval to list cash and derivatives instruments on multiple asset classes such as currencies, commodities, equity and debt related products for trading and clearing by its brokers.
The Exchange will also list and trade Islamic finance instruments or Bahrain compliant products. The BFX will be an international financial exchange providing the widest possible access to its brokers from any part of the world to trade in multi asset products through a single venue. It also aims to be a leading market place for regional and international businesses to raise capital by issuing and listing various types of financial instruments on its markets.
The Exchange will offer full end-to-end automated trading, with clearing and depository settlement services, providing low latency and low transaction costs.
The Exchange which is already registered with the Ministry of Industry and Commerce will begin trading in the first quarter 2010 and will serve financial market participants, investors and issuers, to provide services for hedging, arbitrage, investment and fund raising. The Exchange will catalyze performance in the Middle East financial markets through enhancing price discovery, market transparency, risk management, cross-border economic integration, finance and investment in the Arab world.
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