Bahrain Financial Exchange announces Edge Universal as new member

As a Trading and Clearing Member (Self), Edge Universal has set-up its operations in the Kingdom of Bahrain to trade on the BFX derivates segment.

In addition to the proprietary trading, Edge Universal will also provide a brokerage service to its clients.

The potential client base for trading and clearing on the BFX derivatives segment is globally spread, however the targeted countries will be in the Middle East and North Africa (MENA) region, with a focus on institutions and high net worth individuals based in the GCC region.

Commenting on the occasion, Mr. Arshad Khan, Managing Director and Chief Executive Officer of the BFX and the BFX Clearing and Depository Corporation (BCDC), said, �gWe are pleased to welcome Edge Universal to the Kingdom of Bahrain and to the Bahrain Financial Exchange. We trust that the BFX will play a major role in developing Edge Universal�fs trading network and in gaining market share within the MENA region.�h

Mr. Abhay Poddar, Chief Executive Officer of Edge Universal, stated, �gWe are very impressed with the growth in the trading volumes on the BFX. Our BFX membership is a key step forward in our expansion in the MENA region and creating greater access to an important client base.�h

All the membership categories of the BFX have many benefits which include access to a comprehensive multi-asset trading platform, benefit from its cost effectiveness via the �ePlug and Trade�f fully automated trading floor and access to a trading platform 16 hours a day / 5 days a week filling the window gap between Tokyo and New York trading timings.