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

Mr. Abdulkarim Bucheery, Chairman of the BAB,

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.