Edgewater Expands Operations in the Middle East with Support for GCC Currencies

<p>Edgewater, the technology, trade <a href="https://www.financemagnates.com/terms/e/execution/">execution</a>, and liquidity
aggregation provider for forex and precious metals, has launched forex trading technology services for the Gulf Corporation
Council currencies (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE)
and Egypt.</p><p>According to a statement
released today (Monday), this step aims to eliminate
intermediaries and enable direct trading with local banks. Thus, Edgewater targets to enhance efficiency and innovation for its services across the Gulf region.</p><p>Bypassing Intermediaries</p><p>At the center of the new offering is EdgeFX,
Edgewater's flagship technology. The technology will reportedly allow
businesses in the region and those engaging with its currencies to
sidestep intermediaries. By directly connecting with local banks, the company will enable direct trading while granting users access to onshore banks that control local
currencies.</p><p>Brian Andreyko, the
Chief Product Officer at Edgewater Markets, said: "This development marks
a major shift in how foreign <a href="https://www.financemagnates.com/terms/e/exchange/">exchange</a> trading is conducted in the GCC and the
surrounding region. At Edgewater, our technology enables us not only to support
24 hours five days forex trading via GUI, but also to act as a credit
intermediary for our clients."</p><p>Founded in 2009,
Edgewater is a provider of trading technology. The company focuses on
facilitating FX trading execution and liquidity aggregation for institutions
seeking competitive engagement in the global market. Currently, Edgewater has
a presence in the US, Singapore, the UK, Mexico, and Santiago.</p><p>Regional Expansion</p><p>A week ago, <a href="https://www.financemagnates.com/institutional-forex/edgewater-expands-in-the-uk-secures-fca-license-and-announces-new-ceo/" target="_blank" rel="follow">Finance
Magnates</a> reported that
Edgewater had <a href="https://www.financemagnates.com/institutional-forex/edgewater-expands-in-the-uk-secures-fca-license-and-announces-new-ceo/" target="_blank" rel="follow">obtained
the approval</a> of the
Financial Conduct Authority in the UK. The company acquired the license through its
subsidiary Edgewater Markets Limited. This step was accompanied by
the appointment of Emanuel Georgouras as the new Chief Executive Officer for
the subsidiary.</p><p>Edgewater Markets
Limited, backed by <a href="https://www.financemagnates.com/tag/fca/" target="_blank" rel="follow">the FCA</a>, is now empowered to provide a range of financial
services, including liquidity provisions and technology, to institutional
clients. For over a decade, the company has engaged in FX trade execution and
liquidity aggregation services.</p>

This article was written by Jared Kirui at www.financemagnates.com.