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FINANCIAL NEWS
Qatar Exchange to connect to global market
03 Feb 2011
(MENAFN) Qatar Exchange (QE) said that it is working toward connecting to the Secure Financial Transaction Infrastructure (SFTI) which would enable traders to connect to stock markets in London, Paris and New York, reported The Peninsula.
QE said that this addition is part of the development plan the exchange had been implementing for a while now. Other developments would include the Delivery Versus Payment (DVP) system which would add more products to trading as well as boost the market’s liquidity. Traders from international markets would be able to access Qatar Exchange directly though Direct electronic Access (DEA) under the sponsorship of the local brokers.
It is worth noting that (SFTI) is the first network offering traders with global connectivity as well as technology solutions which facilitate trading. It is well known for its high-performance network backbone that connects global markets across the United States, Europe and Asia.
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