Financial Technologies India has announced the launch of the Bahrain Financial Exchange(BFX).The BFX regulated by the Central Bank of Bahrain (CBB) has been given approval to list cash and derivatives instruments on multiple asset classes such as currencies, commodities, equity and debt related products for trading and clearing by its brokers. The Exchange will also list and trade Islamic finance instruments or Bahrain compliant products.
Through the BFX, Financial Technologies is endeavoring to participate in the developments in the Middle East and hopes to significantly contribute to the emerging globalised economy of Bahrain.
The Exchange which is already registered with the Ministry of Industry and Commerce will begin trading in the first quarter 2010 and will serve financial market participants, investors and issuers, to provide services for hedging, arbitrage, investment and fund raising.