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Bahrain exchange to launch in October
13 May 2010
The Bahrain Financial Exchange has confirmed that it will be formally launched in October. It will list cash instruments, derivatives, structured products and Sharia-compliant financial instruments.
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BFX
Bahrain
Shariah
The exchange has been developing its
infrastructure over the past year. It has its own clearing house, the BFX
Clearing and Depository Corporation.
Arshad Khan, managing director and chief
executive, said: “Significant planning has gone into developing this date and
reflects consultation with the market, regional market dynamics and internal
testing and readiness.”