• Home
• Financial Services
• News Article

MAC Securities joins Bahrain Financial Exchange as Trading Member

Manama, Bahrain - 16 November, 2011: The Bahrain Financial Exchange ( BFX ), the first multi-asset exchange in the Middle East and North Africa (MENA) region, is pleased to announce that MAC Securities has become a Trading Member of the BFX .

MAC Securities will benefit from the BFX 's well established and robust trading platform in both Islamic finance and conventional markets. The BFX offers the advantage of trading in different asset-classes which include cash instruments, derivatives, structured products and Shariah compliant financial instruments all in a secure environment and regulated by the Central Bank of Bahrain .

Mr. Ali M. Mahmood Janahi, Chief Executive Officer and Director of MAC Securities, commented: "We would like to thank the Central Bank of Bahrain and the Bahrain Financial Exchange for their support and granting necessary approvals." He added:" I have all the confidence that the BFX platform will play a major role in building up the trust of investors and in strengthening the Kingdom's position as a financial hub in the region. As MAC Securities, we have all the trust and faith of our clients as they have previously shown through our well established corporate relation network."

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 would like to welcome the MAC Securities as a valued Trading Member. Apart from generating foreign investment to our market, our strategy is to primary attract the local market participants on board. Thus, we are pleased to include MAC Securities to our members' portfolio and we look forward to a productive relationship."

BFX memberships are offered in four categories, allowing different levels of access to the market depending on the level of participation required by the financial institution and its clients. The membership categories are: Trading and Clearing Member, Trading Member, Clearing Member and Authorised Remote Member.

-Ends-

About Bahrain Financial Exchange ( BFX ):
The Bahrain Financial Exchange ( BFX ) is a pioneering cross border and multi-asset exchange in the Middle East and North Africa, which is internationally accessible to trade securities, 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 contracts it trades. The BFX and the BCDC are licensed and regulated by the Central Bank of Bahrain (CBB).

The BFX 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 (BaB) 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, providing world class conventional and Islamic financial training and development courses.

The BFX is a member of the International Islamic Financial Market (IIFM), the Accounting and Auditing Organization for Islamic Financial Institution (AAOIFI), and a member of the Associations of Futures Markets (AFM).

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
Email: ghizlane.rahali@bfx.bh

© Press Release 2011