Information on Labuan International Financial Exchange Inc (LFX) is now available at www.lfx.com.my.

LFX, an offshore exchange wholly owned by the Kuala Lumpur Stock Exchange, has been identified as one of the key components in promoting Labuan as an offshore financial centre. Based in Labuan, LFX will initially focus on the listing of financial instruments. It is however planned that LFX be developed into an offshore exchange complete with listing and trading capabilities.

Chairman of the LFX Inc. Dato’ Mohd Azlan Hashim said the launching of the LFX web-site is a significant and timely development.

"Whilst it is early days yet, we expect support for LFX to continue to gain momentum. The LFX web-site is an important tool to consolidate even more support and interest as it provides a comprehensive range of information on all aspects of LFX," he said.

Information available on the LFX web-site includes its rules, organisational and regulatory structure. LFX rules include the criteria and procedures for the listing of financial instruments and the licensing of listing sponsors and trading agents.

Mohd Azlan said the development of LFX has been planned to be progressively competitive.

"As an offshore exchange that seeks to meet the requirements of the international clientele, LFX is now ready to accept licensing applications for listing sponsors and applications for the listing of financial instruments.

"This will provide for a stable, steady beginning and sustained growth for the operations of LFX," he added.

To know more of LFX, information is available at www.lfx.com.my.