Middle East and North Africa investment bank, EFG-Hermes, has joined Thomson Reuters’ order routing network, expanding the breadth of its exchange trading offering in the region. EFG-Hermes allows access to liquidity pools across the main markets in the Middle East, including Egypt, Saudi Arabia, Kuwait, and the United Arab Emirates (UAE) to Thomson Reuters’ global client base. Financial market professionals using Reuters Trading for Exchanges can now route orders to EFG-Hermes for execution.
This move builds on Thomson Reuters regional assets, which include multi-asset trading capabilities, deep market leading content, news and analytics. It also supports the increasing movement of mainstream and foreign investors into Middle Eastern markets and Islamic finance.
Sherif Cararah, EFG-Hermes securities brokerage managing director, said: “Joining the vast Thomson Reuters brokerage network will not just result in new trades for the firm, it will also give EFG-Hermes’ clients around the globe unrivalled access to markets within the region. We’re delighted to be partnering with a leading group such as Thomson Reuters and we see this as a further evidence of our long-term commitment to providing value-added brokerage services.”
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