30 Middle-East Banks Connect to Global Markets via Thomson Reuters Order Routing Network
Financial institutions across Middle-East connect to Thomson Reuters Autex Trade Route to trade with international financial markets
30 leading sell-side brokers and buy-side firms in the Middle-East have signed-up to Thomson Reuters Autex Trade Route, one of the world’s largest global order routing networks, in order to connect easily to international markets and offer the international buy-side community unprecedented broker-neutral access to local markets in the Middle-East.
Abu Dhabi Financial Services (ADFS), Al Jazira Capital, Al Rajhi Capital, Al Ramz Securities, Arqaam Capital, BankMuscat, Commercial International Brokerage Co. (CIBC), EFG Hermes, EmiratesNBD Securities, HC Brokerage, HSBC Saudi Arabia, Oman Arab Bank, QNB Financial Services (QNB FS), and Sambacapital are among over 30 firms from the Middle-East that are now using Thomson Reuters Autex Trade Route to connect to global markets.
Dennis Wijsmuller, Chief Operating Officer at Arqaam Capital, said: “We are constantly exploring new ways to provide our clients with the premium products and services they have come to expect from Arqaam. Thomson Reuters Autex Trade Route is an excellent tool that supports our efforts to provide clients with efficient execution across emerging markets.”
Aymen Samawi, MD at ADFS, said: “ADFS regional reach and position as the leading Abu Dhabi broker is dependent on providing exceptional client service in the UAE and the MENA region. Thomson Reuters trade routing helps us enhance the client access and experience. This is especially true with our institutional clients and the connectivity requirements they need.”
Thomson Reuters Autex Trade Route provides the global investment community with a broker-neutral source of liquidity, with real-time FIX-based electronic connectivity across multiple asset classes. More than two billion shares are traded globally per day on the network and over 750 leading buy-side firms depend on the network for connectivity to their global and regional broker-dealers and trading venues. New FIX connections can be established rapidly and a single connection enables access to any other destination on the network.
“Our global order routing network has been expanding rapidly over the past couple of years so that it now covers all the major markets in the Middle-East and is an important source of broker-neutral liquidity in the region,” said Russell Haworth, managing director for Middle-East and Africa, Thomson Reuters. “Our clients are seizing the opportunity to connect easily with global markets and facilitate international trade. Together we are helping to really open up this market.”