The Middle East and North Africa's (Mena) first multi-asset exchange will begin live operations on February 7 at its facility at Bahrain Financial Harbour. The Bahrain Financial Exchange (BFX) will adopt a phased approach to its trading whereby its Islamic division, Bait Al Bursa, will start its e-Tayseer platform for general use and then its conventional segment on March 7.
This two-phased approach is designed to give participants sufficient time to market and develop business in the BFX's Islamic sector in advance of launching the conventional market.
After two years of hard work, the BFX is set to revolutionise trading in the Mena region. The BFX will be a unique global exchange where multi-asset class instruments will commence trading on a single exchange environment offering its users Islamic products, currencies, commodities and equity indices in its first phase of live operations.
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