Edgewater Markets Expands FX trading Technology to Middle East, Offers Support for GCC Currencies

Edgewater Markets, a leading trading technology provider that specializes in FX trade execution and liquidity aggregation, announced today the expansion of flagship electronic foreign exchange (FX) trading solution, EdgeFX, to the Middle East region.

Now the company provides its foreign exchange (FX) trading and credit intermediation services  for GCC currencies (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates), as well as Egypt.

EdgeFX helps optimize trading strategies, reduce operational risk and automate workflows, enabling institutional traders to enhance their performance in all market conditions. This technology allows institutions to bypass intermediaries and trade directly with local banks in the region where they are conducting business.

Brian Andreyko, Chief Product Officer at Edgewater Markets, stated, "This development marks a major shift in how foreign exchange trading is conducted in the GCC and surrounding region. At Edgewater, our technology enables us not only to support 24×5 forex trading via GUI, but also to act as a credit intermediary for our clients, connecting them directly with local banks and ensuring they get the best rates available."

"Edgewater is committed to helping our clients grow by providing customizable electronic FX trading technology paired with superior liquidity. By extending our technology and credit intermediation services into this growing region, we further enhance our ability to deliver tailored solutions that meet our clients’ specific needs," Andreyko added.

This expansion comes after Edgewater Markets' obtainment of a new license​ from the Financial Conduct Authority (FCA).