Bahrain Financial Exchange Sponsors BAB IMF/World Bank Conference in Tokyo

The Bahrain Financial Exchange is the 'Financial Exchange Partner' of the Bahrain evening reception organised by the Bahrain Association of Banks (BAB) on the 13th of October 2012

Manama, Bahrain - 03^rd July 2012: The Bahrain Financial Exchange (BFX), the first international multi-asset exchange in the Middle East and North Africa (MENA) region, is pleased to announce the sponsorship of the 'Banks in Bahrain' reception at the 2012 joint International Monetary Fund (IMF) and World Bank Conference to be held in Tokyo on the 13^th of October 2012. The reception is being held by the Bahrain Association of Banks (BAB).

As the 'Financial Exchange Partner', the BFX will represent the Kingdom of Bahrain as its pioneering multi-asset international financial exchange. Through its unique offering of diversified portfolio of financial instruments that can be traded on the BFX platform along with Shariah compliant financial products, the Exchange will further re-enforce the Kingdom's position as the regional financial hub with over 400 financial institutions and development of vibrant financial markets. 

Mr. Abdulkarim Bucheery, Chairman of the BAB, said: "We are delighted to receive support from the BFX towards this landmark event held during the world's most influential annual international financial gathering. This is an important opportunity to present the Kingdom of Bahrain to many leading decision-makers in banking and finance from all over the world and the presence of such leading local Banks."

Commenting on the occasion, Mr. Arshad Khan, Managing Director and Chief Executive Officer of the BFX and the BFX Clearing and Depository Corporation (BCDC), said: "We are pleased to extend our support to the Banks in Bahrain reception at the IMF/World Bank Conference. We praise BAB's efforts in creating venues for institutions to showcase their offerings on such an internationally recognised platform. The BFX will be completing its one year of operations in November 2012, and it will be a privilege to discuss our achievements with a globally reputed financial community participating in this event. This will be an ideal opportunity to present the fast growing capital markets, Shariah and conventional, in the Kingdom of Bahrain."

Since its inception, the BFX conventional platform is offering trading in futures contracts in different asset classes which include commodities, indexes, currencies and energy products. Each product was carefully developed to meet the needs of the demanding markets in the region. The latest award winning product, USD-INR Index Futures, is the first currency index futures product launched in the MENA region, and was developed specifically for the BFX market.  

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About Bahrain Financial Exchange (BFX):
The Bahrain Financial Exchange (BFX) is a pioneering international financial exchange based in the Kingdom of Bahrain and internationally accessible to trade cash, derivatives, structured products and Shariah-compliant financial instruments. The BFX has set up the BFX Clearing and Depository Corporation (BCDC) to clear and settle the financial instruments traded by the members of the BFX. The BFX and the BCDC are licensed and regulated by the Central Bank of Bahrain (CBB).

The Exchange is a wholly owned initiative of Financial Technologies Group (FT Group), which currently owns one of the world's largest networks of 10 exchanges connecting fast‐growing economies of Africa, Middle East, India and South East Asia.

Bait Al Bursa is an Islamic finance division of the BFX, exclusively offering electronic exchange traded Islamic financial instruments. Bait Al Bursa signifies the 'Home of Exchanges', and represents the BFX's vision of providing a single venue for all the exchange traded business in the Islamic finance sector.

The BFX Training Institute (BFX-TI) is an internationally accredited training institute operating under the BFX providing world class conventional and Islamic financial training and development courses.

The BFX is a member of the International Islamic Financial Market (IIFM) and the Bahrain Association of Banks (BAB).

For more information on the BFX, please visit www.bfx.bh

For BFX media enquiries, please contact:                      
Ghizlane Rahali                                                                                    
Senior Marketing and PR Manager                                  
Bahrain Financial Exchange                                                               
Phone: +973 1651 1511
Mobile: +973 39991878                                                                   
e-mail: ghizlane.rahali@bfx.bh

About the Bahrain Association of Banks (BAB):
Speaking for 85 members, the Bahrain Association of Banks (BAB) provides an open forum where banks can come together to collectively discuss and solve their shared problems.  BAB is also actively engaged in promoting banking conferences, exhibitions and seminars that bring overseas banking delegations to Bahrain and create business opportunities for all members. 

BAB publishes a quarterly magazine, The Bahrain Banker, which has established itself as the voice of Bahraini banking with an international readership.  BAB also publishes a quarterly newsletter, The Gateway, and a series of handbooks on technical subjects designed to inform a non-specialist audience.

For more information on BAB visit www.banksbahrain.org/

For BAB media enquiries, please contact:                     
Mayan Ghaith                                                                                      
Events & PR Officer                                            
Bahrain Association of Banks                                                            
Phone: +973 17823000                                                                    
e-mail: events@banksbahrain.org

© Press Release 2012