Doha Exchange to consider bond trading

Qatar Holding CEO says board 'open to studying other instruments in future', including bonds.
Doha Exchange to consider bond trading
By Martin Morris
Sat 20 Jun 2009 08:42 PM

Qatar may open the country’s Doha Exchange to bond trading Ahmed Al-Sayed, CEO of Qatar Holding has said, according to news agency Bloomberg.The news follows Friday’s confirmation that NYSE Euronext, the world’s largest owner of bourses, has bought a 20 percent stake for $200 million.

''The board will be very open to studying other instruments in the future,'' al-Sayed said, adding: ''Bonds will also be on our table. This is one thing we will start studying immediately.''

Qatar Holding, the investment arm of Qatar’s sovereign wealth fund, is the majority shareholder in the exchange, which currently trades only stocks.

Qatar Exchange is the successor to the Doha Securities Market and will start trading under its new name and management on Sunday.

The binding agreement with NYSE Euronext, which was expected, paves the way for more growth in the Middle East by the transatlantic bourse, the partners said.

Andre Went, a senior executive from NYSE Euronext, will be appointed chief executive of Qatar Exchange.

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