| 11 Nov 2008 |
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DIFX to Add Sunday Opening and Extend Daily Trading Hours
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Dubai: 11 November, 2008 - The Dubai International Financial Exchange (DIFX)Dubai International Financial Exchange (DIFX)
said today it will add Sundays to its trading days and open earlier in the mornings. The moves will bring trading hours for investors more in line with those of other regional exchanges. Beginning on November 17, trading from Monday-Friday will begin at 10:00 UAE time (06:00 GMT), one hour and 45 minutes earlier than the current opening of 11:45 UAE time (07:45 GMT). The closing time will remain at 17:00 (13:00 GMT).
Beginning on November 23, the exchange will open on Sundays for the first time, from 10:00 UAE time (06:00 GMT) to 14:00 UAE time (10:00) GMT.
Jeff Singer, Chief Executive of the DIFXDIFX, said: "The new timings move the DIFXDIFX closer to the trading times of other exchanges in the region. This is an important part of our commitment to facilitate access for regional investors to the opportunities on our market.
"The extended hours also increase the periods when international investors can access the exchange, which will support market activity on the DIFXDIFX
."The new trading hours will extend the DIFXDIFX's overlap with the opening times of exchanges in Asia.
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About DIFXDIFX
The DIFXDIFX is the international financial exchange serving the region between Western Europe and East Asia. It welcomes regional as well as global issuers that seek regional and international investment. The exchange currently lists shares, structured products, Sukuk (Islamic bonds) and conventional bonds and is planning to list equity derivatives later in 2008.
The majority shareholder of the DIFXDIFX is Borse Dubai with a two-thirds stake. NASDAQ OMX Group owns one third of the shares. The regulator of the DIFXDIFX is the Dubai Financial Services Authority (DFSA). The DIFXDIFX is located in the Dubai International Financial Centre (DIFC). For more information, visit www.difx.ae
For more information on DIFXDIFX, please contact
Mark Fisher
DIFXDIFX
Tel: +971 4 3612220
Mob: +971 50 6245805
Email: Mark.fisher@difx.ae
© Press Release 2008
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