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EFG Hermes Joins Fidessa Network

The addition of EFG Hermes to Fidessa global network to provide access to a range of markets across Egypt, Saudi Arabia, Kuwait, the UAE, Qatar, Lebanon and Oman

EFG Hermes, a Cairo-based investment bank, has joined the Fidessa global connectivity network. Fidessa is a provider of multi-asset trading, portfolio analysis, compliance, market data and global connectivity solutions for the buy-side and sell-side.

The bank has claimed that its full range of brokerage services on the EGX, Tadawul, KSE, DFM, DIFX, ADX, and NASDAQ Dubai, among others, is now available to more than 2,300 buy-sides and 400 brokers worldwide across the Fidessa network.

Sherif Cararah, MD of EFG Hermes Securities Brokerage , said: “We’re pleased to partner with a leading group such as Fidessa and look forward to working with an organization that shares our commitment to providing clients around the globe with unparalleled value-added brokerage services and access to markets within the region. Offering additional financial content and expanded trading capabilities to a new audience of investors will only increase the already growing global interest in our region.”

Edward Manley, RM for the Middle East & Africa at Fidessa, said: “Since our official launch in the Middle East at the beginning of 2009, we’ve been committed to expanding the range of services we offer across the region. The addition of EFG Hermes to our global network provides access to an unrivalled range of markets across Egypt, Saudi Arabia, Kuwait, the UAE, Qatar, Lebanon and Oman. At the same time, we continue to invest heavily in developing our multi-asset order and execution management solutions, compliance and market data capabilities within the region.”