DUBAI, UNITED ARAB EMIRATES--(Business Wire / Korea Newswire)--MultiBank Group proudly announces the commencement of the launch of a groundbreaking Institutional Investor Electronic Communications Network (ECN), MEX Exchange, the world’s first global Institutional Investor Electronic Communications Network (ECN) based in the BRICS and GCC countries, including Prime Brokerage facilities and other related infrastructure that is set to redefine the financial landscape. MEX Exchange is poised to break the regional dominance of the USA and Europe in the global ECN market and become the world’s leading venue.

MEX Exchange has been built by seasoned team of developers, utilising proprietary technology, under the direction of MultiBank Group Founder Naser Taher and MEX Exchange CEO, David Ogg, who is widely recognized as the creator of the first institutional ECN. As the founder of HotspotFX, David played a crucial role in the development and growth of ECNs and pioneered how prime brokerage operated across multi venue platforms.

MEX Exchange has a strategic goal to enable banks and other financial institutions in the emerging markets who have historically been under served in best execution capabilities. Throughout the BRICS and GCC, a regional focus and market understanding including localised product offerings will enable MEX Exchange to fill the void left by existing market participants in their operations within the established markets.

Naser Taher, Founder of MultiBank Group, emphasizes the significance of MEX Exchange: “Today, we unveil a major project that will re-shape the 2024 Financial World Order. Within two to three years, MEX Exchange will have a profound global impact, delivering substantial financial returns and profits. As the only ECN inter-bank trading platform based in the GCC and BRICS countries, we’re at the forefront of change and innovation.”

ABOUT MULTIBANK GROUP

Founded in California, USA, in 2005, MultiBank Group has grown to command a daily trading volume exceeding $12.1 billion, serving over 1 million customers. MultiBank Group has matured into one of the largest online financial derivatives providers globally, offering an array of brokerage services and asset management solutions. The group’s award-winning trading platforms offer a diverse range of products, including Forex, Metals, Shares, Commodities, Indices, and Digital Assets.

For more information, visit our websites:

· www.multibankfx.com
· www.mexexchange.com
· www.multibank.io

View source version on businesswire.com: https://www.businesswire.com/news/home/20240520117548/en/

Website: https://www.mexgroup.com/ View Korean version of this release Contact MultiBank Group
Faouz Rejeb
[email protected]
This news is a press release provided by MultiBank Group. Korea Newswire follows these editorial guidelines. MultiBank Group News ReleasesSubscribeRSS 멀티뱅크 그룹, 브릭스 및 GCC 최초의 글로벌 ECN인 MEX 거래소 출범으로 금융 혁신 멀티뱅크 그룹(MultiBank Group)이 획기적인 기관투자자 전자 통신 네트워크(Electronic Communications Network, ECN)인 MEX 거래소(MEX Exchange) 출범을 발표했다. 이 거래소는 금융 지형을 새롭게 정의해나갈 프라임 브로커리지(Prime Brokerage) 시설 및 기타 관련 인프라를 포함한 브릭스(BRICS)와 걸프... 5월 22일 11:20 MultiBank Group Honored as Best Gold Broker of 2024 by FX Empire MultiBank Group, a premier forex broker, has proudly received the prestigious accolade of “Best Gold Broker 2024” from FX Empire, a globally acclaimed financial news portal known for its accurate forecasts, comprehensive market insights, detailed broker evaluations, and up-to-the-minute... 5월 8일 09:30 ... More  More News Finance Banking & Financial Service Establishment Overseas MultiBank Group All News Releases 