Switzerland is among the first European countries to allow brokers to trade directly on the Dubai International Financial Exchange (DIFX), having joined UK and Dutch regulators in giving its approval.
This agreement significantly strengthens the international links of the exchange, as Switzerland is a major international financial centre with brokers directly investing billions of dollars in overseas securities. They can now add DIFX securities to their portfolios, commented Per Larsson, chief executive of the DIFX.
The decision by the Swiss Federal Banking Commission covers brokers that are domiciled there and allows them to apply to the DIFX to become members of the exchange.
Brokers can also trade directly on the DIFX by setting up an office inside the Dubai International Financial Centre. In addition, brokers anywhere in the world can trade indirectly on the exchange through a DIFX member.
