PRESS RELEASE
MultiBank Group, the world’s leading online financial derivatives broker, announced the launch of MEX Exchange, a new Institutional Investor Electronic Communications Network (ECN). MEX Exchange is positioned to be the world’s first global ECN based in the BRICS and GCC countries, with a focus on Spot FX, Precious Metals, and Commodities trading.
MEX Exchange, which includes Prime Brokerage facilities and other related infrastructure, has been developed by a team utilizing proprietary technology led by Naser Taher, the Founder of MultiBank Group, and David Ogg, the CEO of MEX Exchange.
According to MEX Exchange, its strategic goal is to to provide banks and other financial institutions in emerging markets with the best execution capabilities. The platform will concentrate on gaining an in-depth understanding of regional markets in the BRICS and GCC countries, and introduce targeted localized offerings to fill the gap left by existing market participants in these established markets.
Naser Taher stated: “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.”
