Reuters connects to Dubai International Financial Exchange

Source: Reuters

As interest in the Middle East equities markets gathers pace, Reuters (LSE: RTR, NASDAQ: RTRSY) today announced an agreement with the Dubai International Financial Exchange (DIFX) for the distribution of equity-related pricing and other data and transactional connectivity to the exchange.

The DIFX, which officially launches trading today, aims to be the main gateway to the emerging markets of the Middle East, Africa, Turkey, Central Asia and the Indian sub-continent.

Reuters will make data from the DIFX available on its premium desktop products, including Reuters 3000 Xtra.

Barbara Miller, SVP of Equities Data at Reuters, comments: "Considering the strong performance of the Middle Eastern equities markets this year and the increased interest in the region, the DIFX is poised to play a major role in expanding liquidity and attracting investment. Its diverse product offering and international standard of regulation combined with Reuters global distribution and transactional capability offer a compelling advantage to investors in the capital markets."

Reuters will also provide connectivity to the DIFX from the Reuters Order Management for Exchange Execution (ROMEX) trading tool. ROMEX provides the ability to trade securities and derivatives on all of the major European exchanges as well as DIFX. ROMEX is fully integrated with Reuters Order Routing for Equities, a user-friendly order routing system that links buy-side institutions to Reuters broker-neutral network.

Stephen Wilson, Director of Equities at Reuters, comments: "Reuters is happy to support the DIFX through a combination of data distribution and transactional capability. This agreement is another example of the expanding number of global execution venues available via ROMEX."

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