Wednesday 27 August 2014
 
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FX

Deutsche Bank named top FX bank in Mideast

Deutsche Bank has been named the leading forex (FX) bank in the Middle East with 16.15 per cent of overall market share. This is attributed to the significant investment Deutsche Bank made in upgrading its pricing and distribution syste

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Thomson Reuters boosts FX matching platform

Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, has announced a number of significant enhancements to its FX Matching platform. The move is aimed at bringing increased c

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ADS starts new service for FX traders

Abu Dhabi-based ADS Securities (ADSS) said it has launched an innovative and game-changing new service, Prime, which is designed for professional and high-net worth FX, currency, and bullion traders. Prime will provide institutional s

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Barclays launches online forex monitor

UK-based Barclays Wealth, a leading global wealth management firm, has launched a free online tool which monitors foreign exchange rates for its clients. Barclays Wealth iAlert allows clients to monitor up to 75 currency pairs, with subscr

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Abu Dhabi broker eyes FX, commodity trading

ADS Securities, a new Abu Dhabi-based brokerage, is eyeing a share of the rapidly growing trade in commodities and foreign exchange by bridging the time gap between Asian and European markets, its top executive said. The firm, backed by pr

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Thomson Reuters moves FX chief to Dubai

Thomson Reuters, which provides a comprehensive coverage of regional markets including real-time information from equity markets and funds, has relocated its global head of foreign exchange (FX) transactions to the UAE. The move comes amid

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Infiniti launches limited edition version of FX

Infiniti Middle East, of Infiniti, the Japanese luxury automotive brand, has launched a limited edition version of its best-selling FX performance crossover vehicle. The limited edition FX models can either be ordered direct from the showr

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UAE pullout won't derail FX union: Saudi

The United Arab Emirates' withdrawal from a Gulf monetary union will not derail the region's single currency plan, Saudi Arabia's central bank governor said on Wednesday. 'I don't believe that the withdrawal will affect

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Gulf rulers eye FX union as crisis tensions mount

Gulf Arab leaders, meeting next week to sign key monetary union accords, are likely to be sidetracked by the urgent need to restore investor confidence amid an oil price slump and stock market rout. Rulers of Saudi Arabia, Kuwait and four

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Gulf seeks momentum for FX union

Gulf central bankers hope to restore momentum to their monetary union project at key meetings next week as the US dollar's rebound dampens speculation of immediate reforms to the region's dollar pegs. With less than 15 months to go before

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