Trading technology provider Fidessa has added broker EFG Hermes to its global connectivity network, granting the network’s buy- and sell-side users access to major exchanges in the Middle East and north Africa.
Over 2,300 buy-side firms and 400 brokers on Fidessa’s network will be able to use the full range of EFG Hermes’ brokerage services, including access to the Abu Dhabi Securities Exchange, Dubai Financial Market, Dubai International Financial Exchange, Nasdaq Dubai, Tadawul, Egyptian Exchange, and Karachi Stock Exchange.
“Offering additional financial content and expanded trading capabilities to a new audience of investors will only increase the already growing global interest in our region,” said Sherif Cararah, managing director, EFG Hermes Securities Brokerage.
“Since our official launch in the Middle East at the beginning of 2009, we’ve been committed to expanding the range of services we offer across the region,” added Edward Manley, regional manager, Middle East and Africa, Fidessa. “The addition of EFG Hermes to our global network provides access to an unrivalled range of markets across Egypt, Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Lebanon and Oman. At the same time, we continue to invest heavily in developing our multi-asset order and execution management solutions, compliance and market data capabilities within the region.”
According to Fidessa, its global connectivity network carries flow with an average value of $600 billion a month.