DIFX launches structured products platform
The Dubai International Financial Exchange (DIFX) has opened a new structured products platform for retail investors, and added products based on local underlyings for the first time.
The exchange first listed structured products for institutional investors in 2005, but has seen no trading in them. It has now launched a dedicated trading platform, TraX, aimed at attracting retail investors from the United Arab Emirates and the rest of the region, and has listed 14 new products based on regional equity and commodity indexes.
"There was no volume in the older products because there was no retail access," says Armen Papazian, the exchange's director of innovation and development.
The 14 new products are based on the Dubai, Abu Dhabi and Qatar indexes and Morgan Stanley's commodity indexes.
Alexander Campbell.
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