XO offers unparalleled access and technology services across capital markets as well as consultancy and connectivity services to clients through its distinct business model. XO Bahrain is establishing their operations in the Kingdom of Bahrain and also has a range of partnerships throughout the Middle East, Europe and North America. As part of the membership facilities, XO Bahrain will operate from a fully automated and serviced trading facility offered by the BFX to its licensed members on its trading floor at the Bahrain Financial Harbour.
“This partnership between the BFX and XO Bahrain clearly shows the opportunities which exist for international financial institutions in the Kingdom of Bahrain. This also proves the fact that the Kingdom of Bahrain continues to attract new financial institutions. We are glad that the BFX is facilitating foreign investment in the Kingdom of Bahrain,” Abdul Rahman Al Baker, Executive Director Financial Institutions Supervision at CBB, said.
“We welcome XO Bahrain as our latest member which highlights our continuing commitment to creating a strong network of BFX members resulting in the establishment of a distribution channel across the MENA region. This further strengthens Bahrain’s leadership position as the financial hub of the region,” Arshad Khan, Managing Director and Chief Executive Officer of the BFX and the BCDC, said.
“We are delighted with our expansion and membership at the Bahrain Financial Exchange. This membership provides our clients access to the BFX’s platform, making it easier to trade all asset classes and instruments under one roof. We anticipate that this collaboration will prove to be very successful. We are very thankful to the Central Bank of Bahrain for approving our application,” Mohamed Abdelhamid, Managing Director of XO Bahrain, said.
XO Bahrain provides consultancy services to its clients for FX and commodity trading as well as consultancy services to its clients for connectivity and low latency setups.