Financial Technologies-promoted Bahrain Financial Exchange, the first multi-asset exchange in the Middle East and North Africa region, has commenced futures trading in three products — natural gas futures, gold futures and euro and dollar futures.
“Bahrain being the oldest financial centre of the gulf region and a globally leading centre for Islamic finance is the ideal location for an international multi-asset exchange like the BFX, which offers products in both Islamic and conventional finance accessible to the trading community across the globe,” said Jignesh Shah, chairman & group CEO of Financial Technologies Group.
The purpose of this exchange is to provide market participants with opportunities to trade in precious metals, energy and currency asset classes to meet their investment and hedging requirements. BFX is likely to include additional offerings like currencies, commodities, and indices in due course.