Borse Dubai - The Umbrella to Borse Dubai

DFM is known to everyone and so is DIFX. But recently the media started talking about Borse Dubai. Some searches on the net pointed out Borse Dubai to be DIFX, until i found the website for Borse Dubai itself. According to the website of Borse Dubai is:

"Borse Dubai is the holding company for Dubai Financial Market (DFM) and Dubai International Financial Exchange (DIFX). Borse Dubai was created 6 August, 2007 to consolidate the Government of Dubai’s two stock exchanges as well as current investments in other exchanges, expanding Dubai’s position as a global capital market hub."

The site goes on to explain Dubai Financial Market as:

"The Dubai Financial Market (DFM) was established in March 2000 as a public institution having its own independent corporate body. It has recently turned itself into a public shareholding company and lists its shares on its own platform; a first in the region. Its goal is to create a fair, efficient, liquid and transparent marketplace that provides choices through the best utilization of available resources in order to serve all stakeholders. DFM is operating as a secondary market for trading of securities issued by public joint-stock companies, bonds issued by the Federal Government or any of the Local Governments and public institutions in the country, units of investment funds and any other financial instruments, local or foreign, which are accepted by the Market."

Dubai International Financial Exchange is introduced as:

" Launched in September 2005, the Dubai International Financial Exchange (DIFX) is the region’s first international exchange.

A liquid and transparent electronic market with equities, Sukuk, conventional bonds and structured products, with standards comparable to those of leading international exchanges in New York, London and Hong Kong, the DIFX enables regional and international investors and issuers to share in the rapidly growing wealth of its region."