Swiss Exchange SIX Partners with Dubai Financial Market for Dual Listings

Friday, 03/05/2024 | 15:35 GMT by Jared Kirui
  • This collaboration aims to streamline processes for raising capital and expand market access.
  • DFM and SIX will collaborate to identify opportunities in market data and post-trade services.
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The Swiss Financial Market Infrastructure Group (SIX) has inked a partnership deal with the Dubai Financial Market (DFM) to explore dual listing opportunities, establish central securities depository links, and enhance investor accessibility between the two platforms' exchanges.

A key aspect of the collaboration, which was announced during the Capital Market Summit, is evaluating potential dual or cross-listing opportunities for products. It allows investors to transfer shares between exchanges. Additionally, this initiative seeks to simplify the process for companies seeking to raise capital, broaden market access, and bolster investment prospects for participants in both regions.

Enhancing Global Market Accessibility

Bjørn Sibbern, the Global Head of Exchanges and Member of the Executive Board of SIX mentioned: "SIX, already providing a very international environment and being home of many multinational companies, continuously strives to expand and improve its range of international products and services."

"With the collaboration with Dubai Financial Markets, we are excited to look at broadening the options of companies to raise capital and tap into additional, deep pools of capital as well as facilitating cross-border transfers and share fungibility."

In addition to facilitating dual listings and enhancing market accessibility, DFM and SIX will collaborate to identify opportunities in areas such as market data and post-trade services. The two exchanges aim to create a robust financial ecosystem by driving innovation and fostering market development.

In February, SIX made a significant stride in cryptocurrency trading by introducing indices designed for AsiaNext's crypto derivatives platform and institutional investors worldwide. These new indices promise to enhance benchmarking in the crypto market, offering transparency and reliability.

Expanding Horizons in Trading

The partnership between AsiaNext and SIX signified a strategic step towards enhancing the crypto trading landscape for institutional investors. AsiaNext aims to instill confidence in investors seeking a secure platform for digital asset trading by prioritizing regulation and corporate governance standards. This collaboration facilitates access to the crypto market.

Beyond the cryptocurrency space, SIX expanded into European markets last year after introducing ETF QOD Europe. This platform is designed to optimize the trading experience for European ETFs and ETPs. By collaborating with leading clearinghouses, SIX aims to ensure seamless processing, clearing , and trade settlement, thus mitigating risks and enhancing overall trading efficiency.

The Swiss Financial Market Infrastructure Group (SIX) has inked a partnership deal with the Dubai Financial Market (DFM) to explore dual listing opportunities, establish central securities depository links, and enhance investor accessibility between the two platforms' exchanges.

A key aspect of the collaboration, which was announced during the Capital Market Summit, is evaluating potential dual or cross-listing opportunities for products. It allows investors to transfer shares between exchanges. Additionally, this initiative seeks to simplify the process for companies seeking to raise capital, broaden market access, and bolster investment prospects for participants in both regions.

Enhancing Global Market Accessibility

Bjørn Sibbern, the Global Head of Exchanges and Member of the Executive Board of SIX mentioned: "SIX, already providing a very international environment and being home of many multinational companies, continuously strives to expand and improve its range of international products and services."

"With the collaboration with Dubai Financial Markets, we are excited to look at broadening the options of companies to raise capital and tap into additional, deep pools of capital as well as facilitating cross-border transfers and share fungibility."

In addition to facilitating dual listings and enhancing market accessibility, DFM and SIX will collaborate to identify opportunities in areas such as market data and post-trade services. The two exchanges aim to create a robust financial ecosystem by driving innovation and fostering market development.

In February, SIX made a significant stride in cryptocurrency trading by introducing indices designed for AsiaNext's crypto derivatives platform and institutional investors worldwide. These new indices promise to enhance benchmarking in the crypto market, offering transparency and reliability.

Expanding Horizons in Trading

The partnership between AsiaNext and SIX signified a strategic step towards enhancing the crypto trading landscape for institutional investors. AsiaNext aims to instill confidence in investors seeking a secure platform for digital asset trading by prioritizing regulation and corporate governance standards. This collaboration facilitates access to the crypto market.

Beyond the cryptocurrency space, SIX expanded into European markets last year after introducing ETF QOD Europe. This platform is designed to optimize the trading experience for European ETFs and ETPs. By collaborating with leading clearinghouses, SIX aims to ensure seamless processing, clearing , and trade settlement, thus mitigating risks and enhancing overall trading efficiency.

About the Author: Jared Kirui
Jared Kirui
  • 1451 Articles
  • 21 Followers
About the Author: Jared Kirui
Jared is an experienced financial journalist passionate about all things forex and CFDs.
  • 1451 Articles
  • 21 Followers

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