Wednesday 10 November 2010

DFM to own all of NASDAQ Dubai

Dubai Financial Market (DFM) expects to own 100 per cent of NASDAQ Dubai, the emirate's other exchange, by the end of the year.

DFM, the Arab world's only publicly listed stock exchange, acquired 67 per cent of NASDAQ Dubai through a cash and share payment in May.

The two bourses consolidated in June after NASDAQ Dubai outsourced its trading, clearing and settling activities to DFM. NASDAQ Dubai stocks also now trade on the DFM platform.

No comments:

Post a Comment