17 October 2017

Swiss regulator greenlights direct trading on DIFX

17 July 2007  |  1285 views  |  0 Source: Dubai International Financial Exchange

The financial services regulator in Switzerland has authorised brokers there to connect directly to the Dubai International Financial Exchange and trade its shares and other securities.

It is the fourth European country to allow brokers to trade directly on the DIFX, along with the UK, the Netherlands and the Irish Republic. These links enable the DIFX to offer greater accessibility to international investors than any other exchange in the region.

Per E. Larsson, Chief Executive of the DIFX, said: "This agreement significantly strengthens the international links of the exchange, as Switzerland is a major international financial centre with brokers directly investing billions of dollars in overseas securities. They can now add DIFX securities to their portfolios."

The decision by the Swiss Federal Banking Commission covers brokers that are domiciled there and allows them to apply to the DIFX to become Members of the exchange.

Brokers can also trade directly on the DIFX by setting up an office inside the Dubai International Financial Centre. In addition brokers anywhere in the world can trade indirectly on the exchange through a DIFX Member.

Hamed Ali, Executive Officer of the DIFX, said: "The link with Switzerland creates a new route for international investors to access the exchange. It is another step towards creating an active trading environment for the benefit of all investors, both international and regional."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.com visit www.vasco.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15000 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8245 views comments | 15 tweets | 21 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7694 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7061 views comments | 13 tweets | 8 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6245 views comments | 8 tweets | 16 linkedin

Featured job

Competitive base + commission + benefits
Denmark, Finland, Iceland, Norway or Sweden

Find your next job