Dubai Financial Market and SIX Sign Agreement to Enhance Market Access

The Dubai Financial Market (DFM) and SIX,the Swiss Financial Market Infrastructure Group,announced a strategic partnership on May 3,2024,during the second edition of the Capital Market Summit.This collaboration signifies a shared commitment between the two financial institutions to explore and implement initiatives that foster innovation and growth within the global financial landscape.

The agreement extends beyond the DFM,encompassing participation from the Dubai Central Securities Depository (Dubai CSD) and Dubai Clear.This broader alliance positions the partnership to make significant strides in market accessibility.A key focus area involves evaluating and implementing potential dual or cross-listing opportunities for products.This will streamline the process for investors seeking to transfer shares between the exchanges,ultimately making cross-listings smoother and facilitating fungibility – the ability for identical securities to be freely substituted.

Furthermore,the partnership emphasizes the exchange of best practices and market data.This knowledge sharing will benefit participants in both regions by fostering a deeper understanding of each market's intricacies and functionalities.This collaborative approach is expected to broaden market access for participants,presenting them with a wider range of investment prospects.

The Dubai Financial Market,a leading financial exchange in the Middle East,is positioned to benefit from SIX's well-established reputation and expertise.SIX,headquartered in Zurich,Switzerland,operates one of the world's most comprehensive financial market infrastructures.This partnership presents the DFM with an opportunity to leverage SIX's experience and connections to expand its reach and attract a wider pool of international investors.

Conversely,SIX gains a strategic foothold in the Middle East through this alliance.The DFM's prominent role within the region's financial sector grants SIX access to a fast-growing market brimming with potential.This collaboration positions SIX to capitalize on the burgeoning investment activity within the Middle East and solidify its presence as a key player in the global financial arena.

The strategic partnership between the DFM and SIX is a significant development for both institutions.By fostering collaboration and knowledge exchange,this alliance has the potential to unlock new avenues for growth and innovation within the global financial landscape.The agreement's emphasis on facilitating cross-listings and market access is poised to benefit investors by presenting them with a broader range of investment opportunities.The combined expertise and reach of the DFM and SIX position this partnership to play a pivotal role in shaping the future of global finance.

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