Bahrain financial exchange showcased.Byline: Manama The Bahrain Financial Exchange (BFX BFX Bitware Fax ) was unveiled at one of the world's premier financial industry events. It was showcased at the 34th Futures Industry Association The Futures Industry Association (FIA) is a trade association in the United States composed of futures commission merchants. A futures commission merchant is analogous to a broker; they are entities that accept orders and payment for commodity futures for execution on a futures (FIA FIA feline infectious anemia. ) Boca 2009 conference in Florida, US. The conference is host to more than 800 senior financial industry professionals and public policy leaders, including members of the US Congress and senior representatives from the various regulatory authorities in the world. Delegates from more than 30 countries attended the event. BFX director Arshad Khan Arshad Khan (Urdu: ارشد خان) (born March 22, 1971 in Peshawar) is a Pakistani cricketer. He is a right-handed batsman and a right-arm off break bowler. presented the concept of the new exchange and the benefits that a liquid and transparent exchange can bring to Bahrain and the Middle East economies. He highlighted that exchanges like the BFX are essential in the current financial climate as they allow users the ability to raise capital and also manage risk via multiple mediums. The BFX is a new exchange in Bahrain which will begin trading in the first quarter of next year. It is licensed and regulated by the Central Bank of Bahrain The Central Bank of Bahrain was established in 1973 as the Bahrain Monetary Agency, shortly after Bahrain gained its independence from the United Kingdom. As per Decree No. to trade multi assets including equities, bonds, commodities, currencies, derivatives and Sharia-compliant Islamic financial instruments. Khan informed participants that the BFX is the first international multi-asset exchange of its type in the region's growth markets and aims to pool liquidity in Bahrain creating a virtuous circle of investment and jobs in the local economy. During the presentation Khan emphasised that given the current business situation, there is a requirement for innovative solutions to tap into and create new opportunities for the financial services industry at large. He shared with the audience the potential of the GCC GCC: see Gulf Cooperation Council. (compiler, programming) GCC - The GNU Compiler Collection, which currently contains front ends for C, C++, Objective-C, Fortran, Java, and Ada, as well as libraries for these languages (libstdc++, libgcj, etc). Sovereign Wealth Funds (SWF See Flash. (filename extension) swf - /S W F/ The filename extension for Adobe Shockwave Flash animated vector graphics files, common on the World-Wide Web. A rarely used alternative expansion is "Small Web Format". ) and how they can reshape the financial landscape both regionally and internationally. He pointed out that many SWFs are re-strategising their investment portfolios which can result in an increase in fund allocation to the local regional markets by some 20 to 25 per cent. This will in turn create significant liquidity in the regional financial markets.- TradeArabia News Service Copyright 2008 www.tradearabia.com Copyright 2009 Al Hilal Publishing & Marketing Group Provided by Syndigate.info an Albawaba.com company |
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