dbfx expands global retail foreign exchange offering with Middle East launch
dbFX, the online retail foreign exchange margin trading platform of Deutsche Bank today launched its Middle East offering, becoming the first international investment bank to provide a service of this kind. Instigated to capitalise on the growing retail foreign exchange market, the Arabic language web site will offer retail investors the opportunity to maximise the opportunities this market presents as an alternative asset class for investment and trading.
Launched in May 2006 and now covering 70 countries, dbFX has enjoyed increasing take-up from retail investors looking for ways to make returns in currency markets. dbFX provides access 24 hours every business day to the foreign exchange markets with streaming quotes with competitive spreads in 34 currency pairs. Retail investors using the dbFX platform also have access to Deutsche Bank’s award winning research.
Catherine Hardiman, Deutsche Bank Head of dbFX, EMEA commented: “The launch of our Middle East offering enhances our global footprint to retail investors, offering unprecedented access to the global foreign exchange market, coupled with deep expertise from our world leading foreign exchange team. We believe that retail foreign exchange has specific relevance to the region’s sophisticated investors.”
Zar Amrolia, Global Head of Foreign Exchange at Deutsche Bank commented: “As the leading provider of foreign exchange services to corporate and institutions, the continuing expansion of dbFX highlights how we are at the forefront of bringing foreign exchange trading expertise to the retail market.”
Deutsche Bank is ranked the No 1 Foreign Exchange Bank by Euromoney magazine for the third year running.
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- DBFX.com Middle Eastern currency trading volumes increase by more than 500% year on year
- Deutsche bank records 100% yoy increase in its foreign exchange trading volumes in the middle east and secures 21.7% global market share
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