Edgewater facilitates direct trading in seven Arab currencies

abdelaziz Fathi

Edgewater Markets, the NFA-registered non-bank FX liquidity provider, has introduced its FX trading technology and credit intermediation services tailored for the Gulf Cooperation Council (GCC) countries – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates – along with Egypt.

Edgewater Markets

Edgewater said this strategic move is set to transform the landscape of foreign exchange trading within this region. The firm is not only rolling out its trade execution and liquidity aggregation services but is also actively engaging with local liquidity providers.

The electronic FX liquidity and distribution specialist says that the step helps meet the needs of its corporate and institutional clients, including local banks, pension funds, hedge funds, brokers and end users, for hedging and execution of real MENA FX and non-deliverable forwards business.

By extending its services to encompass GCC currencies and Egypt, the firm provides local traders and investors within the region with advanced tools and a seamless trading experience. The development also gives Edgewater’s FX community in other regions more access to emerging markets while bringing greater efficiency and reduced operational complexity.

Brian Andreyko, Chief Product Officer at Edgewater Markets, commented: “This development marks a major shift in how foreign exchange trading is conducted in the GCC and surrounding region. At Edgewater, our technology enables us not only to support 24×5 forex trading via GUI, but also to act as a credit intermediary for our clients, connecting them directly with local banks and ensuring they get the best rates available.”

Andreyko also elaborated on how this new offering aligns with Edgewater’s overall strategy: “Edgewater is committed to helping our clients grow by providing customizable electronic FX trading technology paired with superior liquidity. By extending our technology and credit intermediation services into this growing region, we further enhance our ability to deliver tailored solutions that meet our clients’ specific needs.”

Edgewater has introduced a novel development in the industry by enabling direct client-to-liquidity provider connectivity through their technology stack. The integration of EdgeFX technology marks a progression that the company says potentially alters the dynamics of foreign exchange trading for Edgewater’s clients.

Edgewater Markets is a provider of electronic foreign exchange workflow management solutions, as well as FX and precious metals optimisation software. The company provides its services to more than 350 global banks, asset managers and other financial institutions.

Earlier this month, its UK-based entity, Edgewater Markets Limited, secured a license from the Financial Conduct Authority (FCA) in order to solidify its regulatory status and permissions within the United Kingdom.

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