Dubai Financial Market & Swiss Stock Exchange strike strategic partnership

Dubai Financial Market & Swiss Stock Exchange strike strategic partnership

The Dubai Financial Market (DFM) and Swiss Stock Exchange (SIX Group), have signed a collaboration agreement during the second edition of the Capital Market Summit. The partnership underscores a shared commitment to exploring and implementing collaborative initiatives aimed at fostering mutual growth and innovation in the global financial landscape. Furthermore, the agreement includes participation from the Dubai Central Securities […]The Dubai Financial Market (DFM) and Swiss Stock Exchange (SIX Group), have signed a collaboration agreement during the second edition of the Capital Market Summit.

The partnership underscores a shared commitment to exploring and implementing collaborative initiatives aimed at fostering mutual growth and innovation in the global financial landscape.

Furthermore, the agreement includes participation from the Dubai Central Securities Depository LLC (Dubai CSD) and Dubai Clear LLC under the umbrella of DFM.

The strategic partnership focuses on evaluating and implementing potential dual/cross-listing opportunities for products. The agreement looks to simplify the process for investors to transfer shares between exchanges making cross-listings easier and helping with the fungibility of shares, in addition to sharing best practices and market data.

Moreover, this initiative aims to broaden market access and bolster investment prospects for participants in both regions and markets. SIX and Dubai CSD will also work jointly towards establishing Central Securities Depository (CSD) links to facilitate share fungibility and