Bahrain forex Twitter

Bahrain Financial Exchange (BFX) has received strong interest from 50 leading financial institutions and brokerage companies to date from its membership drive campaign, with many of the institutions having started the membership application process.

The multi-country tour which commenced in the beginning of June includes a series of meetings in India, Egypt, UAE, Saudi Arabia, Qatar, Kuwait, Jordan, Syria and the UK, and comes as part of the BFX’s preparations for its launch in October this year.   

Arshad Khan, Managing Director and Chief Executive Officer of the BFX and BFX Clearing and Depository Corporation (BCDC), said, “The fantastic response clearly demonstrates the existing need for the BFX’s products and services in the region. We offer our members a truly unique value proposition through our internationally accessible multi-asset trading environment and extensive complimentary support services.”

BFX members will have access to multi-asset class products via both its electronic trading platform and the BFX trading floor located on the 12^th floor at the Bahrain Financial Harbour. The exchange will also allow its members to manage risk and enable investment in a well-regulated and secure environment with central counterparty clearing and settlement. 

“With our imminent launch, our dedicated business development teams have been making a strong push to promote the BFX’s unique offerings as we aim to continue momentum in our target markets in the MENA region. Our prospective members have appreciated the multi-asset offering which is supplemented with comprehensive services from the BFX including training, serviced offices on the trading floor, outsourced trading and back office applications. This packaged offering is allowing prospective members to start operations with minimal set-up and operating costs. The promising start to our campaign bodes well for us, and we anticipate a similar level of interest in the remaining visits of our tour.” Khan added.

2010 Bahrain: HRT Formula One Grand Prix Recap - Senna's Day Ends Early

HRT F1 Team (Hispania Racing F1 Team) successfully competed in their first Grand Prix today at Bahrain after His Highness the King of Spain Juan Carlos visited the team garage in the morning. The team completed its first 20 laps in race conditions at the Bahrain Grand Prix in extremely hot conditions with air temperature at 35 Centigrade for the start of the 49 lap / 308.405km race.

Karun Chandhok and Bruno Senna started from the pitlane, and Karun Chandhok’s race ended when he went off track
two laps later. Bruno Senna had a trouble free first twelve laps, lapping consistently. Bruno Senna experienced his first pit stop in a race on lap 12 and thanks to the team’s swift work went very smoothly. On lap 18, a broken water fitting from the radiator caused the car to lose all its water and overheated the engine, forcing the Brazilian to retire.

Dr Colin Kolles, team principal, commented, “I am satisfied the way things went. Karun Chandhok stopped early in the race, but it was not a mechanical failure, he could not know that the bump was there having too few miles in his car and had just never experienced that the bump was where it was on this track. We will go home with lots of important data to make step forwards as the season moves into the second Grand Prix and continue making consistent improvements. The focus today for the team was to start the race and run both cars on track. I would like to thank everyone for their dedication and we have taken an historic first step.”

Bruno Senna (car nr 21) commented, “It was certainly a relief to have been in the race for so many laps. Everything was going well. I felt I had a little too much understeer. I had a good base set-up now after these laps and my engineers will have a better starting point to work from for next race. There was a vibration from the back of the car a lap earlier and then the car suddenly stopped. We’ll have to investigate what happened. But I am very happy for the whole team for their incredible hard work to ensure we are in a position to be racing again in Melbourne.”

Karun Chandhok (car nr 20) commented, “Sorry, this was my fifth lap on this track. I hit a bump in the new part of the circuit, I was not that much experienced in that part of the track as I had driven only 4 timed laps over the week-end.
I was pushed on exit curb, trying to bring tyres in gently, I did not know that part of the circuit.

I want to thank my mechanics for accompanying my first laps on this track and the whole team for a great week-end and long sleepless hours. Now let’s look forward to start again in Melbourne.”

Source:paddocktalk.com/