22 March 2007 — DFSA grants recognition to Eurex Frankfurt AG
Dubai, UAE, March 22, 2007: The Dubai Financial Services Authority (DFSA) has announced that Eurex Frankfurt AG (EFAG) has been granted the status of a Recognised Body within the Dubai International Financial Centre (DIFC).
The recognition allows EFAG to offer access to its products to authorised members in the DIFC. EFAG operates a derivatives exchange, Eurex Deutschland which is the largest such exchange in the world.
David Knott, Chief Executive of the DFSA, said:
"This recognition is another step in connecting Dubai with international markets within the framework of world class regulation. In doing so, the DFSA has noted the high standards of German regulation applicable to EFAG. "