Bahrain’s exchange plans to start short-selling and the so-called delivery-versus-payment system in 2012, criteria for an upgrade at MSCI Inc. (MSCI), as it seeks to boost trading volumes amid unrest in the Middle East.
"The changes will lead us eventually to meet the criteria" at the index provider, Khalifa Bin Ebrahim Al Khalifa, deputy director at Bahrain Bourse, said in an interview at the Bloomberg office in Dubai today. "We have a competitive advantage against the regional stock exchanges; with these changes, we’ll have even more."
The measures will be implemented in the first quarter of 2012, and DvP will be started "to an extent," he said. Bahrain has no foreign ownership limits in stocks, Al Khalifa said, unlike Qatar and the United Arab Emirates, which also have frontier market status at MSCI.
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