Financial Technologies-promoted the Bahrain Financial Exchange (BFX) – the first multi-asset exchange in the Middle East and North Africa region, has commenced live trading on Wednesday. The Islamic division (Bait Al Bursa) of the exchange was started in February.

BFX will provide opportunity to trade in various asset classes such as derivatives, equities, fixed income, exchange traded funds and structured products in both the conventional and Islamic finance vertical.

In its initial phase, the BFX listed three derivatives products Natural Gas Futures, Gold Futures and Euro US Dollar Futures. BFX will soon add additional offerings from currencies, commodities and indices baskets, the exchange said in a press release on Wednesday.

Mr H.E. Rasheed Al Maraj, the Governor of the Central Bank of Bahrain, said the start of the conventional division of the exchange will greatly benefit the financial markets of the Kingdom of Bahrain. It will be utilised by the financial institutions based locally as well as regionally for the investment and trading requirements of their investors, he said.

Mr. Jignesh Shah, Chairman & Group CEO, Financial Technologies and Chairman of the Bahrain Financial Exchange, said the Kingdom of Bahrain being the oldest financial centre of the Gulf and a globally leading centre for Islamic finance is the ideal location for an international multi-asset exchange like the BFX which offers products in both Islamic and conventional finance accessible to the trading community across the globe.

Related Topics
comment COMMENT NOW