Dubai Financial Market Forges Strategic Partnership with Swiss Financial Market Infrastructure Group
An in-depth look into the recent strategic partnership between Dubai Financial Market (DFM) and the Swiss Financial Market Infrastructure Group (SIX), and its potential impact on DFM's future growth and innovation.
Summary
Dubai Financial Market (DFM) and the Swiss Financial Market Infrastructure Group (SIX) have announced a strategic partnership. The collaboration aims to foster mutual growth and innovation in the global financial landscape, expand market access, and boost investment prospects in both regions.
The Dubai Financial Market (DFM) – a Public Joint Stock Company incorporated in the Emirate of Dubai, United Arab Emirates – has announced a strategic partnership with the Swiss Financial Market Infrastructure Group (SIX). This collaboration is a significant move for DFM, indicating a strong commitment to fostering mutual growth and innovation in the global financial landscape.
Under the agreement, signed during the Capital Market Summit, the two entities will explore dual/cross-listing opportunities, simplify the process of transferring shares between exchanges, and share best practices and market data. The initiative also aims to expand market access and boost investment prospects in both regions.
Part of this partnership includes the Dubai Central Securities Depository LLC and Dubai Clear LLC under the DFM umbrella. These entities will work with SIX to establish Central Securities Depository links to facilitate share fungibility and cross-border transfers. This move is expected to streamline operations and enhance efficiency in the market.
DFM's recent performance shows a 3-month yield of 0.02% and a 1-month yield of -0.07%. Despite the slight dip in the recent month, the strategic partnership with SIX could open up new avenues for growth and innovation for DFM, potentially leading to improved market performance in the long run.
Given these developments, it would be advisable for investors to hold their positions in DFM. Although the recent yield has shown a slight decline, the strategic partnership with SIX could foster growth and innovation, making DFM a potentially promising investment in the long-term.
Source
Summary
The Dubai Financial Market (DFM) and the Swiss Financial Market Infrastructure Group (SIX) have announced a strategic partnership aimed at fostering mutual growth and innovation in the global financial landscape. The agreement, signed during the Capital Market Summit, focuses on exploring dual/cross-listing opportunities, simplifying the process of transferring shares between exchanges, and sharing best practices and market data. The initiative also aims to expand market access and boost investment prospects in both regions. The partnership includes the Dubai Central Securities Depository LLC and Dubai Clear LLC under the DFM umbrella, who will work with SIX to establish Central Securities Depository links to facilitate share fungibility and cross-border transfers.
