Financial technologies India’s Bahrain venture - The Bahrain Financial Exchange (BFX) - the first multi asset exchange in the Middle East and North Africa (MENA) region, has commenced live trading on November 23, 2011.
Following the launch of its Islamic division in February 2011, The BFX began operations of its conventional division on November 23, 2011. The launch of the conventional segment is in line with the strategy to establish the BFX as the only multi asset exchange in the region offering its members and their customers the opportunity to trade in various assets like derivatives, equities, fixed income, exchange trade funds, and structure products in both the conventional and Islamic finance verticals.
These products are natural gas futures, gold futures and euro US dollar futures and are designed to provide market participants with opportunities to trade on precious metal, energy and currency assets classes to meet their investment and hedging requirements. Following these products, the BFX will be adding additional offerings from currencies, commodities and indices baskets.
