Icap has announced the expansion of its presence in the Middle East with the signing up of the Bank of Bahrain and Kuwait (BBK), based in Bahrain, as an EBS Prime customer. The broker says the deal is a further step in its expansion into the region. As well as the kingdoms of Saudi Arabia and Bahrain, it now has approval to provide electronic broking services in Kuwait and the United Arab Emirates.
Randy Hebert, manager, FX Trading at BBK, says: “BBK is extremely delighted to add the EBS platform as a primary source of liquidity. The strengths of the EBS spot liquidity will play a key role in increasing our trading capabilities throughout the region.”