CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. UK Investment Bank Becomes DIFX Trading Member

UK Investment Bank Becomes DIFX Trading Member

by Lorys Charalambous, Tax-News.com, Cyprus

28 August 2006


Jefferies International Ltd, a UK-based investment bank and institutional securities firm, has become the latest member company on the Dubai International Financial Exchange (DIFX) permitted to trade securities.

Jefferies, a subsidiary of Jefferies Group Inc., becomes the 14th Member firm to join the DIFX since the exchange opened in September 2005.

"The arrival of Jefferies further strengthens the role of the DIFX as the only international exchange serving the vast region between Western Europe and East Asia," commented Per Larsson, Chief Executive of the DIFX.

“The DIFX has a unique membership mix of leading international and regional banks, reflecting its position as a gateway for capital to enter the region," he added.

Cliff Siegel, CEO of Jefferies International, noted: “We are committed to identifying new opportunities to enhance our footprint in the global capital markets to better serve the needs of our clients."

"As Jefferies expands into key regions around the world, our DIFX membership and the access that it provides to this strategic financial centre will help position our firm for continued growth.”

Membership of DIFX is the latest in a series of actions taken by Jefferies to provide clients with access to the global capital markets. In 2006, Jefferies’ NOMAD status was approved on the London AIM, and the firm joined the Tokyo Stock Exchange, Euronext and the Deutsche Börse electronic trading platform, Xetra.

In addition, Jefferies began working with transportation & oil service group, Ness, Risan & Partners, in Scandinavia to expand the investment bank’s strong shipping and oil service practice. Jefferies also opened an office in Singapore this past April.

The DIFX expects many other banks from around the world, as well as across the region, to join the exchange in coming months.

Nasser Alshaali, Chief Operations Officer of the DIFX, commented:

"Members of the DIFX will be able to trade a broad range of attractive products as the exchange continues to expand its issuer base. Investors will benefit from enhanced access to DIFX securities as the number of members grow.”


To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »