CBB grants XO Bahrain a BFX trading license
27 Jul 2011
(MENAFN) The Bahrain Financial Exchange (BFX) stated that the Central Bank of Bahrain (CBB) approved XO Bahrain as a licensed broker dealer at the exchange. According to this, XO would provide trading solutions and services to meet the regional and global investor’s demands, reported Gulf Daily News
XO also offers access and technology services across capital markets as well as consultancy and connectivity services to clients through its distinct business model. Furthermore it is has more than 10 years of experience in the field of commodity and currency trading.
CBB’s executive director financial institutions supervision, Abdul Rahman Al Baker, said that this deal is a distinctive indication that Bahrain continues to draw new regional and foreign financial institutions.
From his side, XO Bahrain managing director Mohamed Abdelhamid said that the company is delighted to become a member at the Bahrain Financial Exchange. Hopiong it will widen the will lead to more investements in the near future.