The international derivatives exchange Eurex has connected Jebel Tariq Trading DMCC to its international liquidity network as the first participant from Dubai.
Eurex is the first international exchange with participants that trade directly from the United Arab Emirates. Additional participants are in the process of being connected, Eurex said in a statement.
Participants from the United Arab Emirates have access to the entire Eurex product range. Eurex received the corresponding regulatory approval from the Dubai Financial Services Authority at the end of March 2007, and from the Emirates Securities & Commodities Authority in Nov. 2006.
The new access point in Dubai has been up-and-running since beginning of May. Access points offer Eurex member firms high-speed, direct and cost-effective network access to Eurex’s highly liquid trading platform.
“We are delighted to welcome our first participant from this fast-growing region, which underpins our strategy of expanding into new markets and regions,” says Michael Peters, a member of the Eurex Executive Board.