The BFX wins the ‘Most Innovative Forex Product Award 2012’ at the 7th Jordan Forex Expo & Award (JFEX) 2012.
The Bahrain Financial Exchange (BFX), the first multi-asset international financial exchange in the Middle East and North Africa (MENA) region, proudly announces winning the 'Best Innovative Forex Product Award 2012' at the 7th Jordan Forex Expo & Awards in Amman, Jordan on the 8th of May 2012.
The award was accorded to the BFX's unique and innovative currency futures product the "BFX US Dollar versus Indian Rupee (USD-INR) Index Futures", which is the world's first derivatives product on the USD-INR currency pair that is traded like an Index.
The award was announced at the evening gala reception of the 7th Jordan Forex Expo & Awards that took place at the Intercontinental Hotel Amman on the 8th of May 2012. Mr. Arshad Khan, Managing Director and Chief Executive Officer of the BFX and the BFX Clearing and Depository Corporation (BCDC) commented: "We are proud to be presented with the 'Most Innovative Forex Product 2012' award, our strategy is driven by introducing and promoting innovative products and services to the market. The BFX undertakes an active market consultation process before launching new products. This process ensures that the products launched by us meet the requirements of the market and thus gain higher acceptability. We will continue developing and launching such innovative products to establish the BFX as a unique exchange in the region."