DIFX to hold London conference to explain its unique business model

The Dubai International Financial Exchange (DIFX) will hold a conference in London on May 17, 2005, to explain the unique opportunities it offers international banks and financial services companies.

DIFX executives will give details of the exchange’s market model, functioning, and regulatory structure. The DIFX plans to open for trading on September 26, 2005 and aims to become the leading international financial exchange between Western Europe and East Asia.

Lynton Jones, Chairman of the DIFX, said: “This conference will demonstrate how the DIFX will provide advantages for its participants that will be unprecedented in its region. They include international standards of regulation and easy access to first-class regional issuers seeking global capital for the first time.

“The DIFX’s location in a financial free zone and its state-of-the-art Clearing and other technology are tailor-made for the global financial community.”

As well as Mr Jones, DIFX executives addressing the conference will include Steffen Schubert, Chief Executive; Fadi Ghosaini, Head of Business Development; and Stuart Turner, Head of Market Operations. Michael Philipp , Chairman and Chief Executive of CFSB Europe, Middle East and North Africa, and a Non-Executive Director of the DIFX, will also speak.

The DIFX plans to list equities, bonds, Islamic products, funds, index products and derivatives.

As it progresses towards its launch, the DIFX is holding detailed discussions with potential issuers as well as Members and is applying to the independent regulator of financial services inside the DIFC, the Dubai Financial Services Authority, for a licence to operate an exchange and clearing house.

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