BFX membership for Globe Comex
Manama, November 5, 2012
Globe Comex International Bahrain, part of Globe Capital Market Group, one of India's leading financial services conglomerate, has become a new trading and clearing member at the Bahrain Financial Exchange (BFX).
Globe Capital Market Group, which currently has operations in India, UAE and UK, is now setting up operations in Bahrain by connecting to the BFX platform, said a report in the Gulf Daily News, our sister publication.
The India-based group offers a range of financial services products including cash and derivatives on equities, commodities and currency asset classes.
As a member of the BFX, Globe Comex will be able to cater to a bigger clientele and serve different asset class products to the financial community and investment houses in the Mena region, .
"The BFX markets gives Globe Comex access to the Mena region customer base and offers modern and technical trading infrastructure that meets our international clients' needs, and we look forward to a rewarding relationship with the BFX," remarked Globe Comex VP Pradeep Aggarwal.
Welcoming the group, BFX managing director and chief executive Arshad Khan said, "Globe Comex comes with a growing network of customers and expertise in clearing business that will further expand BFX's trading prospects and stimulate higher trading volumes."
"Simultaneously, we are pleased that BFX is the facilitator for setting up Globe Comex's operations in Bahrain and their expansion into the Mena region," he added.-TradeArabia News Service
More Finance & Capital Market Stories
- GCC banks' outlook stable, says report
- GBSA panel names new chairperson
- NBK group CEO to step down
- SABB gets Fitch ratings boost
- Saudi SABB prices $400m sukuk issue
- Shuaa Capital gets Moody's ratings upgrade
- QInvest ‘advised on $3.5bn sukuk in 2013’
- Al Hilal Bank wins top Islamic finance award
- Barwa Bank wins top Islamic banking awards
- ‘BPO offers big benefits for Saudi economy’