DIFX launches Trax structured products platform
Deutsche Bank, Merrill Lynch and Morgan Stanley on August 28, 2007, listed a total of 14 structured products on the Dubai International Financial Exchange (DIFX), as the exchange launched its new TraX platform to radically expand the region's range of listed investment opportunities.
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DIFX TraX is the only structured products platform to be created by an exchange in the GCC region. TraX products listed on August 28 include securities that give exposure to shares listed on the Dubai Financial Market (DFM) and the Abu Dhabi Securities Market (ADSM), as well as securities linked to commodities such as oil and sugar.
Hamed Ali, Executive Officer of the DIFX, said: "DIFX TraX fills a glaring gap in the capital markets, offering for the first time structured products that are based on regional assets and are listed in the region.