The Full Form of BFX is Bahrain Financial Exchange.
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 Bahrain Financial Exchange (BFX), on the Persian Gulf island kingdom of Bahrain, will commence trading in September 2010 on around a dozen contracts including sukuk and other Islamic financial instruments. BFX is owned by electronic trading exchange developer Financial Technologies India and is marketing mostly to Middle-East investors and will compete with the established Bahrain Stock Exchange.
The BFX is regulated by the Central Bank of Bahrain (CBB) to trade a range of asset classes including stocks, bonds, commodities, forex, derivatives and Islamic-finance products such as sukuk. It was established in Bahrain as an officially registered corporation in January 2009 but actual public trading of listed securities was delayed by its owner anmd operator, {{Financial Tecnologies India Ltd]], following the financial crisis of late 2008. According to its own website, the BFX will begin trading in the first quarter of 2010 but earlier reports expected that date to be postponed further until late 2010.
In August 2009 BFX announced it would establish its exchange-trading operations in property on the Bahrain Financial Harbor, a self-contained working community aimed at the financial services industry in the Manama district of the island. Two months later, in October 2009, BFX announced it had joined the International Islamic Financial Market (IIFM), a global body representing insitutions aiming to grow the Islamic finance market worldwide.
BFX
means
Bahrain Financial Exchange
Leave a Reply
You must be logged in to post a comment.