Investors in Qatar will soon be able to trade in European and American bourses with the Doha stock exchange linking up with international markets by early next year. The move will also significantly enhance liquidity on the domestic bourse.
The Qatar Exchange, in which NYSE Euronext has a 20% stake, is introducing the concept of liquidity providers and is in the process of licensing banks to undertake brokerage business.
“Early next year, we will be connected to SFTI (Secure Financial Transaction Infrastructure), a worldwide network that connects banks and brokers across the world to exchanges in Europe and the US,” Qatar Exchange CEO Andre Went said in Doha after the bourse went live with its latest, and time-tested trading system, Universal Trading Platform (UTP).[Read More]