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 12th 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.
