Merrill Lynch is the 12th financial institution to become a Member since the exchange opened for business in September, 2005. It has joined as a General Clearing and Trading Member.
Nasser Alshaali, Chief Operations Officer of the DIFX, commented: “We welcome Merrill Lynch to the exchange. Its arrival demonstrates the growing appeal of the DIFX to global financial institutions aiming to increase their activities in the dynamic region that the exchange serves.
“We look forward to the arrival of many other international and regional banks as DIFX Members in coming months, contributing to the creation of a thriving trading environment.”
Bob Wigley, Chairman, Merrill Lynch, EMEA said: "We are delighted to be expanding our coverage in the Middle East. Merrill Lynch's membership of the DIFX adds to our extensive Middle Eastern trading capabilities and complements our long standing commitment to the region. We look forward to continuing to deliver best in class solutions to our clients in this area. "
