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In preparation for the launch of Middle East and North Africa’s first ever multi-asset exchange, Financial Technologies Group (FT Group) announced today that its Chairman and Group CEO, Mr. Jignesh Shah, is to attend the launch ceremony of the Bahrain Financial Exchange (BFX). India’s youngest dollar billionaire in 2008, Mr Shah - who is also Chairman of the BFX and the BFX Clearing and Depository Corporation (BCDC) – will arrive on 31st January ahead of the launch ceremony on 1st February, which is being held under the patronage of His Royal Highness Prince Khalifa Bin Salman Al Khalifa, the Prime Minister of the Kingdom of Bahrain.
Mr. Shah founded FT Group – a leading internationally renowned business in creating and operating technology-centric financial exchanges for stocks, commodities, currencies, and bonds among other asset classes - in 1995. Over the past 15 years the Group has grown tremendously and has emerged as a multi-billion dollar and multi-national group, owning one of the largest network of exchanges in the world. Mr Shah has been a recipient of the Ernst & Young ‘Entrepreneur of the Year’ award for business transformation, as well as the ‘US-India Businessman of the Year’ award from the World Economic Forum (WEF), Geneva. Under his leadership, the FT Group launched the Multi Commodity Exchange (MCX) of India in 2003, which is the world’s 6th largest commodity futures exchange as per the Futures Industry Association (FIA), 2009.
Mr. Shah expressed his appreciation to His Royal Highness the Prime Minister of Bahrain, for his esteemed patronage of the BFX official launch ceremony: “I extend my gratitude to His Royal Highness Prince Khalifa Bin Salman Al Khalifa for his patronage in launching the BFX. I also commend the highly focused hard work of the BFX’s 60-strong team here in Bahrain over the past 2 years. The BFX is truly a state-of-the art exchange which is set to change the nature of trading in Bahrain, particularly with the addition of e-Tayseer, the region’s first Islamic platform for facilitating Murabaha trading. Being an internationally accessible exchange, the BFX will bolster Bahrain’s economy and encourage foreign investment, as well as providing regional investors with diversified investment options.”
FT India is a listed company and a multi-billion dollar entity with a strong balance sheet and continuous growth in the company’s operating profits. The FT Group owns and operates the BFX and the BCDC amongst other businesses and has a total of 10 exchanges based in emerging economies from Africa to Asia. The group employs more than 3000 employees across the globe.
As part of his visit to Bahrain, Mr. Shah will be meeting with key ministers, senior government officials, finance professionals and businessmen to discuss business and investment opportunities.
