The Qatar Exchange may start bond trading before September as part of a program to broaden business it handles, said Chief Executive Officer Andre Went.
“We are looking to where we are internally with the exchange and where we are in progress readiness,” Went told reporters at the Beltone Financial MENA conference in Doha today. “It looks good.”
Bond trading may start before the NYSE Euronext Universal Trading Platform is introduced in September, Went said. The exchange also plans to offer trading in sukuks, exchange traded funds and derivatives in the future. Reorganization of the exchange will take 3 to 5 years, Went added.
NYSE Euronext last year acquired a 20 percent stake in the exchange in June for $200 million.
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