Bjørn Sibbern, Global Head Exchanges and Member of the Executive Board of SIX (Credit: SIX)

SIX and DFM combine forces to broaden market access

138 views

The Swiss Financial Market Infrastructure Group (SIX) and the Dubai Financial Market (DFM) inked a collaboration agreement aiming at exploring dual listing opportunities, establishing central securities depository links, and enhancing investor accessibility between the two platforms’ exchanges.

The collaboration agreement was signed last month during the Capital Market Summit, in the presence of Bjørn Sibbern, Global Head Exchanges and Member of the Executive Board of SIX, and Hamed Ali, CEO of DFM and Nasdaq Dubai.

The collaboration 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 help with 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 cross border transfers.

Bjørn Sibbern, Global Head Exchanges and Member of the Executive Board of SIX said, “SIX – already providing a very international environment and being home of many multinational companies – continuously strives to expand and improve its range of international products and services. With the collaboration with Dubai Financial Markets, we are excited to look at broadening the options of companies to raise capital and tap into additional, deep pools of capital as well as facilitating cross border transfers and share fungibility.”

For his part, Hamed Ali, CEO of DFM and Nasdaq Dubai stated: “The strategic partnership between DFM and SIX exemplifies our shared commitment to driving innovation and fostering growth in the global financial landscape. Through collaborative initiatives, we aim to unlock new opportunities, enhance market efficiency, and strengthen ties between our vibrant financial ecosystems.”

In tandem, SIX and DFM will introduce companies and issuers to the advantages of each market and provide them with access to growth opportunities and services. Additionally, the exchanges will collaborate on identifying opportunities in areas such as market data and post-trade services, striving to drive innovation and foster market development.