Capital Markets in the Gulf: International Access, Electronic Trading and Regulation

Posted: 15 May 2008

See all articles by Peter Gomber

Peter Gomber

Goethe University Frankfurt Faculty of Economics and Business Administration

Marco Lutat

Goethe University Frankfurt Faculty of Economics and Business Administration

Steffen Schubert

Dubai International Financial Centre

Abstract

Stock markets in the Gulf Region have experienced a significant growth in the recent past. Market performance, trading activity and market capitalization have increased by nearly triple digits annually.This development implicates two effects: on the one hand financial markets gain more attractiveness for international investors which hardly had access for a long time; on the other hand the region's exchanges are running through modernization in their market models, regulatory frameworks, functionalities and technical infrastructures. This paper will highlight recent stock market developments in the six Gulf Cooperating Council (GCC) countries against the background of international investors' requirements. The region's exchanges are characterized from an organizational and regulatory perspective with a focus on trading mechanisms. Recent approaches for modernizing and opening up GCC markets are investigated taking the Dubai International Financial Exchange (DIFX) as a case study.

Suggested Citation

Gomber, Peter and Lutat, Marco and Schubert, Steffen, Capital Markets in the Gulf: International Access, Electronic Trading and Regulation. Available at SSRN: https://ssrn.com/abstract=1133344

Peter Gomber

Goethe University Frankfurt Faculty of Economics and Business Administration ( email )

Grueneburgplatz 1
Frankfurt am Main, 60323
Germany

HOME PAGE: http://www.efinancelab.de/no_cache/team/?user_wiwipubs_pi2[showUid]=478

Marco Lutat (Contact Author)

Goethe University Frankfurt Faculty of Economics and Business Administration ( email )

Grueneburgplatz 1
Frankfurt am Main, 60323
Germany

HOME PAGE: http://www.efinancelab.de/no_cache/team/?user_wiwipubs_pi2[showUid]=548

Steffen Schubert

Dubai International Financial Centre ( email )

Gate Building Level 14th
Sheikh Zayed Road
Dubai
United Arab Emirates

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