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Reuters Order Routing Network offers trading for DP World stock listing on DIFX

  • United Arab Emirates: Saturday, November 24 - 2007 at 13:04
  • PRESS RELEASE

Reuters announced that the DP World stocks listed on Dubai International Financial Exchange (DIFX) can be traded over the Reuters Order Routing (ROR) network.

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DP World will be listed on DIFX on 26th November, allowing investors to access 20% of the company valued at $21.6bn.

Reuters Order Routing offers a user-friendly trading solution that quickly links Reuters growing global community of institutions, broker-dealers and execution venues via an open and neutral order routing hub. It is a global network of around 250 brokers servicing international buy-side community. The DIFX transactions can be executed with broker-members of the market - such as Deutsche Bank.

The Reuters solution supports all widely used versions of the FIX messaging protocol, a technical specification for electronic communication of trade-related messages. It enables clients to send orders over Reuters Order Routing from within the Reuters Information Desktop (Reuters 3000Xtra) or via other third party order management systems (OMS) certified with the service.

Jean-Marc Paufique, Reuters Managing Director for the Middle East and Africa, said: "The DubaiPortsWorld IPO is a major listing for the DIFX and a business opportunity for the global investment community. Reuters users will be able to benefit from the secure and robust Reuters Order Routing network to access the Dubai International Financial Exchange for this important listing."
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Notes and media contacts


Contact:
Louise Targett
Tel: +44 207 542 8998
Reuters Media Relations
Mobile: +44 7795 953671

Steve Clarke
Tel: +44 207 542 6865
Reuters Media Relations
Mobile: +44 7990 56 6865

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