Bahrain Financial Exchange appoints BMI Bank as trading, clearing member

As part of its membership, BMI Bank will be able to trade in multi-asset class products via the BFX electronic trading platform.

BMI Bank will also have access to the BFX clearinghouse, the BFX Clearing and Depository Corporation (BCDC), which will allow them to offer clearing and settlement services to their customers and to the other trading Members of the BFX.

BMI Bank’s shareholders include Bank Muscat (SAOG), the leading financial services provider in the Sultanate of Oman.

Arshad Khan, managing director and CEO of the BFX and the BFX Clearing and Depository Corporation (BCDC), said, "We are pleased to welcome BMI Bank on board. BMI Bank is built on very solid financial foundations with one of the strongest and most respected financial institutions in the GCC area as its shareholders. Our commitment is to support BMI Bank with a wide range of trading and exchange services while providing robust risk management and trading facilities."

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