Euronext is entering exclusive discussions to set up an exchange in Dubai, having beaten rivals in a bidding process.
Euronext, along with its technology partner Atos Euronext, LCH Clearnet and Euroclear, will work on establishing Dubai International Futures Exchange (DIFX).
Discussions between Dubai International Financial Centre (DIFC) and several exchanges began last year (see FO Week Vol 8 No 40). DIFX chairman Lynton Jones said he had reviewed "several extremely impressive bids"...