The Bahrain Financial Exchange (BFX), the first multi-asset international financial exchange in the Middle East and North Africa (MENA) region, participated in the 2nd Annual Custody & Settlement ME Conference 2012 held in Dubai.
The conference was an in-depth event tailored to bring together leading regulators, exchanges, investors, treasurers and broker-dealers to discuss different ways to improve efficiencies, mitigate risk and capitalise on the major new business opportunities developing across the Middle East and provide proven strategies for improving clearing and settlement processes in securities transactions across the region.
Venkat Giridhar, Head of Product Development and Research of the BFX, during a panel discussion titled “Outlining the systemic processes and improvements regional exchanges are introducing to increase trading volumes and heighten investor security” he shared the international best practices that have been implemented by exchanges in the region to increase trading volumes, the benefits of a pan-GCC clearing corporation and depository to facilitate cross-listing between regional exchanges as well as ways to encourage a wider participation in the capital markets of the MENA region.
The Bahrain Financial Exchange provides all clearing, settlement, depository & risk management activities through its clearing corporation, the BFX Clearing & Depository Corporation (BCDC).