Trade Bank of Iraq (TBI) has connected to the international foreign exchange (FX) community using Thomson Reuters Dealing trading service. By joining the professional international FX community, TBI will be able to access liquidity and counterparties across global FX and money markets.
TBI said that it traders can use Reuters 3000 Xtra, the company’s real-time desktop that delivers cross asset data and analysis tools for global financial professionals.
Zaid Mahdi, VP of business development at Trade Bank of Iraq, said: “This connection to the international foreign exchange community via the world’s leading source of intelligent business information is a milestone for Iraq and for the Bank.
“The deal means that TBI will be able to widen the range of financial services it provides to help Iraqi businesses to trade internationally and grow. It is further evidence that business in Iraq is gradually returning to the international financial markets.”
Jas Singh, global head of treasury at Thomson Reuters, said: “Thomson Reuters has maintained a strong presence in Iraq over the last 10 years and we are delighted to support the development of its financial markets by equipping TBI with the right tools and information to trade with the wider world. We look forward to working with them to open further opportunities as their banking systems develop.”
