Dubai DFM to Introduce Central Counterparty Clearing in 2019

[kreslik.news]

Dubai Financial Market (DFM), the Gulf’s only listed stock exchange, today decided to introduce central counterparty (CCP) clearing for trades in equities. The service will be provided by a specialized clearing entity, which will also create a settlement default fund consistent with market best practice.

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DFM currently offers a CCP service for clearing derivatives trading on its subsidiary Nasdaq Dubai. The bourse will begin consultations after two months, whilst planning to launch the new service in early 2019.

As a central counterparty in the equities ... (read more)