Nasdaq Dubai (formerly Dubai International Financial Exchange - DIFX) is Dubai’s second stock exchange, established in 2005 and located in the Dubai International Financial Centre (DIFC). Unlike the DFM, it operates as an international exchange following international standards and regulations, aimed at attracting global investors and listings.
Key features include:
- Regulated by the Dubai Financial Services Authority (DFSA)
- Trades in international currencies (primarily USD)
- Lists regional and international securities, including equities, bonds, sukuk (Islamic bonds), and derivatives
- Operates under a regulatory framework similar to major global exchanges
- Strategic partnership with Nasdaq Inc. (formed in 2008, leading to rebranding from DIFX to Nasdaq Dubai)
- Focuses on larger, international companies and sophisticated investors
- Works complementary to DFM, targeting different market segments and investor bases
The exchange is majority-owned by DFM since 2010, though it maintains separate operations and regulatory framework.