Globe Comex International Bahrain belongs to the Globe Capital Market Group, one of India’s leading financial services conglomerate offering a range of financial services products including cash and derivatives on equities, commodities and currency asset classes. The group currently has operations in India, UAE and UK and is now setting up operations in Bahrain by connecting to the BFX platform. As a member of the BFX, Globe Comex will be able to cater to a greater clientele and serve different asset class products to the financial community and investment houses in the MENA region.
“We welcome Globe Comex International Bahrain as a Trading and Clearing Member for the BFX and the BCDC. Globe Comex comes with a growing network of customers and expertises of clearing business that will further expand the BFX’s trading prospective and stimulate higher trading volumes. Simultaneously, we are pleased that the BFX is the facilitator of setting up Globe Comex’s operations in the Kingdom of Bahrain and their expansion into the MENA region,” Arshad Khan, Managing Director and Chief Executive Officer of the BFX and the BFX Clearing and Depository Corporation (BCDC), said.
“The BFX markets gives Globe Comex access to the MENA region customer base and offers modern and technical trading infrastructure that meets our international clients’ needs, and we look forward to a rewarding relationship with the BFX,” Pradeep Agggarwal, Vice President of Globe Comex, said.
Global Capital has its corporate office in New Delhi with regional offices in all the Metros and growing network of more than 500 representative offices across 150 locations in India with overseas office in London and Dubai. Among several key highlights, the group has attracted US$ 42 million of equity capital in Foreign Direct Investment (FDI) from Citi Group in 2008.