15 OCTOBER 2009
EFG Hermes Joins Fidessa Network
EFG Hermes announced today that it has joined the Fidessa global connectivity network. Fidessa is a provider multi-asset trading, portfolio analysis, compliance, market data and global connectivity solutions for the buy-side and sell-side.
The full range of EFG Hermes' brokerage services on the EGX, Tadawul, KSE, DFM, ADX and NASDAQ Dubai, among others, is now available to more than 2,300 buy-sides and 400 brokers worldwide across the Fidessa network.
“We’re pleased to partner with a leading group such as Fidessa and look forward to working with an organization that shares our commitment to providing clients around the globe with unparalleled value-added brokerage services and access to markets within the region,” said Sherif Cararah, EFG Hermes Securities Brokerage Managing Director. “Offering additional financial content and expanded trading capabilities to a new audience of investors will only increase the already growing global interest in our region.”
Edward Manley, Regional Manager for the Middle East & Africa at Fidessa, adds: “Since our official launch in the Middle East at the beginning of 2009, we’ve been committed to expanding the range of services we offer across the region. The addition of EFG Hermes to our global network provides access to an unrivalled range of markets across Egypt, Saudi Arabia, Kuwait, the UAE, Qatar, Lebanon and Oman. At the same time, we continue to invest heavily in developing our multi-asset order and execution management solutions, compliance and market data capabilities within the region.”
EFG Hermes Securities Brokerage enjoys a market leading position in five direct markets and six indirect markets throughout the Middle East and North Africa, providing an unparalleled diversity of products and services to more than 600 global institutional investors and over 32,000 retail and high-net-worth clients. The group will offer Fidessa clients both direct and indirect access to all MENA markets through both membership and third-party relationships.