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MultiBank Group revolutionizes finance with the launch of MEX Exchange, the first global ECN in BRICS and GCC
MultiBank Group revolutionizes finance with the launch of MEX Exchange, the first global ECN in the BRICS and GCC (Photo: Business Wire)
Naser Taher, founder of the MultiBank Group, reveals the exchange platform poised to reshape the global financial order of 2024
DUBAI, United Arab Emirates, May 20, 2024–(BUSINESS WIRE)–MultiBank Group proudly announces the start of the launch of an innovative Electronic Communications Network for Institutional Investors (ECN), MEX Exchange, the world’s first Global Electronic Communications Network for Institutional Investors (ECN), based in the BRICS countries and GCC, including Corretora Prime facilities and other related infrastructure that will redefine the financial landscape. MEX Exchange is poised to break the US and European regional dominance in the global ECN market and become the world’s leading venue.
MEX Exchange was built by an experienced team of developers using 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 founder of HotspotFX, David played a crucial role in the development and growth of ECNs and pioneered the way prime brokerage operated on multi-location platforms.
MEX Exchange has a strategic objective to enable banks and other financial institutions in emerging markets that have historically been underserved in terms of improved execution capabilities. Across the BRICS and GCC, a regional focus and market understanding, including localized product offerings, will enable MEX Exchange to fill the void left by existing market participants in their operations in established markets.
Naser Taher, founder of MultiBank Group, emphasizes the importance of MEX Exchange: “Today, we reveal a major project that will reshape the World Financial Order of 2024. Within two to three years, MEX Exchange will have a profound global impact, delivering substantial financial returns and profits. As the only ECN interbank trading platform based in the of the GCC and BRICS, we are at the forefront of change and innovation.”
ABOUT THE MULTIBANCO GROUP
Founded in California, USA, in 2005, MultiBank Group has grown to command a daily transaction volume of more than US$12.1 billion, serving more than 1 million customers. MultiBank Group has matured into one of the largest online financial derivatives providers in the world, offering a variety 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.
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View the original version on businesswire.com: https://www.businesswire.com/news/home/20240520117548/en/
Contacts
Faouz Rejeb
Faouz.rejeb@multibankfx.com