Thomson Reuters Spot Matching launches new Arab currencies
Since April 12, it now offers the Kuwaiti dinar, Bahraini dinar and the UAE dirham as spot and forwards, according to an internal source who wished to remain anonymous. He said more than 100 counterparties, namely banks, are trading these currencies globally across the Gulf region, the UK, the US and Switzerland, but average daily volumes so far have been small. "The Gulf is a growing area of focus, which is growing at a reasonable pace," he said. "We didn't offer these currencies before because
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