Qatar Exchange plans bond trading platform

The Qatar Exchange is planning the launch of a bond trading platform by September as part of its efforts to begin a new universal trading system, the bourse's chief executive said yesterday.

"We are investigating the possibilities of a bond market right now. The next step would be to move to issuers in the broader community deliverable in September," Andre Went told reporters in Doha. The exchange will also launch exchange traded funds (ETFs) after September, Went said.

The Qatar Exchange, one of the bourses in the six-nation Gulf Co-operation Council, is jointly owned by Qatar Holding and NYSE Euronext.

Last June, the Qatar Exchange said it would expand beyond cash equities and offer bonds and exchange traded funds to diversify the economy of the world's top liquefied natural gas exporter.

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