The Bahrain Financial Exchange (BFX) has appointed Arab Global Findex as a trading and clearing member.

Arab Global Findex belongs to Gogia Capital Group and Sugandh Group, who have a presence in India, Singapore, Mauritius and Dubai.

Arab Global Findex has been given approval by the Central Bank of Bahrain (CBB) as a licensed broker-dealer and a licensed clearing member.

It is a premier financial and stock broking house with the objective of creating a presence in the GCC region by offering financial services and products in parallel to providing clients with valuable research and advisory offerings.

As part of the membership facilities, the BFX will offer Arab Global Findex access to a fully automated and serviced trading facility on the BFX Trading Floor in the Bahrain Financial Harbour.

'The CBB welcomes such partnerships between organisations like the BFX and Arab Global Findex, as this helps promote healthy and active financial markets,' said CBB executive director financial institutions Abdul Rahman Al Baker.

'The CBB appreciates the efforts put in by the BFX which is resulting in increased foreign investment and employment opportunities in the country,' he added.

'We are pleased to welcome Arab Global Findex on board, a prominent brokerage house with a strong track record and a wide range of experience within the industry,' added BFX managing director and chief executive officer Arshad Khan.

'This newest membership highlights our continuing commitment to creating a strong network of BFX members, and providing them with the full spectrum of trading and exchange services available,' he added.

'Setting up our offices in this region has given Arab Global Findex an edge to our services, and we are delighted with our expansion into Bahrain,' said Arab Global Findex managing director Satish Gogia.

'We look forward to a long and fruitful partnership with the BFX,' he added.-TradeArabia News Service