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Order routing network expands in MENA region

Author: Margie Lindsay

Source: Hedge Funds Review | 26 May 2009

Categories: Hedge Funds

Topics: United Arab Emirates (UAE), Saudi Arabia, Egypt, Liquidity, Thomson Reuters, MENA (Middle East/North Africa)

EFG-Hermes, the largest regional investment bank in the Middle East and North Africa, has joined the Thomson Reuters order routing network. This expands the breadth of the exchange trading offering throughout the region.

As one of the leading investment banks in the Arab world, EFG-Hermes brings a large network and access to liquidity pools across the main markets in the Middle East, including Egypt, Saudi Arabia, Kuwait and the UAE.

Thomson Reuters already has strong regional assets including multi-asset trading capabilities, deep market leading content, news and analytics.

Financial market professionals using Reuters Trading for Exchanges can now route orders to EFG-Hermes for execution. Any company connected to the Thomson Reuters order routing network, inside and outside the region, can now access liquidity from the largest markets in the Middle East and North Africa (MENA) region, including EGX, Tadawul, KSE, DFM, DIFX, ADX, Nasdaq Dubai and MSM - all via EFG-Hermes.

EFG-Hermes is the MENA leader in value-added brokerage services. It was also the most active independent broker in Saudi Arabia and the third-largest broker in both Oman and Kuwait.

Reuters Trading for Exchanges is available to users of Reuters 3000 Xtra. It provides access to Tradeweb Routing Network and Reuters Order Routing Network.

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