Mid East exchange battlelines drawn

03 Jul 2008

The Dubai International Financial Exchange (DIFX) will switch its trading platform from Atos Euronext to a Nasdaq OMX platform on July 4. The move is the prelude between a regional battle for market share between DIFX and Qatar-based Doha Securities Market.

News of the switch of platform had been widely anticipated — the battlelines between the two exchanges were drawn up last week.

On June 24 NYSE Euronext announced it planned to form a...

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"While we support its overall direction, a number of the requirements in the review are needlessly oppressive, particularly the proposed limits on execution-only business and bilateral execution. Additionally, the swathe of costly disclosure obligations is more likely to confuse than inform customers.”

The FOA's Anthony Belchambers responds to the EC's Mifid review.

Mid East exchange battlelines drawn

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