Edgewater Markets, a supplier of know-how, commerce execution and liquidity aggregation throughout FX and valuable metals, right now introduced the launch of its FX buying and selling know-how and credit score intermediation providers for GCC currencies (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates), in addition to Egypt.
Because the agency onboards native liquidity suppliers, this providing goals to revolutionize overseas change buying and selling within the area by offering shoppers with the superior liquidity and unparalleled effectivity.
Edgewater’s flagship know-how, EdgeFX, is extremely modular and customizable, serving to establishments optimize buying and selling methods, cut back operational threat and automate workflows. By bringing GCC currencies on-line, corporations within the area and people seeking to commerce these currencies not should rely completely on outdated and error-prone workflows. Now, Edgewater’s modern know-how permits them to bypass intermediaries and commerce instantly with native banks within the area the place they’re conducting enterprise.
By chopping out the intermediary, Edgewater helps its shoppers entry tighter spreads, and by connecting instantly with onshore banks who management native currencies, Edgewater connects corporations world wide to native experience. Taken collectively, Edgewater’s providing for GCC currencies can yield vital price financial savings and better transparency for shoppers on either side of each commerce.
Brian Andreyko, Chief Product Officer at Edgewater Markets, defined the importance of this new service:
“This growth marks a serious shift in how overseas change buying and selling is performed within the GCC and surrounding area. At Edgewater, our know-how permits us not solely to help 24×5 foreign currency trading by way of GUI, but additionally to behave as a credit score middleman for our shoppers, connecting them instantly with native banks and making certain they get the very best charges out there.”
Andreyko additionally elaborated on how this new providing aligns with Edgewater’s general technique: “Edgewater is dedicated to serving to our shoppers develop by offering customizable digital FX buying and selling know-how paired with superior liquidity. By extending our know-how and credit score intermediation providers into this rising area, we additional improve our potential to ship tailor-made options that meet our shoppers’ particular wants.”