Wednesday 21 November 2012

DIFC boss calls for single GCC equity platform, why not the UAE first? « ArabianMoney

CEO of the Dubai International Financial Centre Authority Jeff Singer today called for the establishment of a single platform for equity trading across the GCC with individual countries still retaining their own trading floors and regulatory authorities.

‘This would connect up the back offices and present the stocks to traders on one screen,’ he said. ‘But there would not be any need to merge the actual stock exchanges. It is a matter of creating a single GCC equity platform’.

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