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New Bahrain bourse to offer derivatives on FTSE indices

Bahrain Financial Exchange, owned by Indian exchange operator Financial Technologies said the derivatives would be based on the FTSE Emerging, Europe, BRIC 50 and Coast Kuwait 40 indices.

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New Bahrain bourse to offer derivatives on FTSE indices
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The Bahrain Financial Exchange (BFX), due to start operations in October, said on Tuesday it will offer a number of derivative products based on FTSE indices on its trading platform.         
 
BFX, owned by Indian exchange operator Financial Technologies said the derivatives would be based on the FTSE Emerging, FTSE Europe, FTSE BRIC 50 and FTSE Coast Kuwait 40 indices.  
 
BFX, which will also offer trading in both conventional and Islamic products in commodities, currency and equities has delayed its start by about six month until October due to the current sluggish market sentiment in the Gulf Arab region.                                            
 
It will compete with Bahrain Stock Exchange and other bourses in the region such as Nasdaq Dubai.
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