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      ATFX Launches Operations in Iraq with Ashur Bank Partnership

      Published: just now

      ATFX Launches Operations in Iraq with Ashur Bank Partnership

      June 26, 2023 - Multi-asset online broker ATFX has launched operations in Iraq, by signing a partnership agreement with local Iraqi bank Ashur Bank.

       

      The agreement was signed at a company dinner and awards ceremony at the Ritz Carlton hotel in Amman, Jordan.

       

      During the dinner, Managing Director of ATFX Levant, Mr. Ahmad Disi, highlighted the significance of expanding into Iraq, and emphasised the immense potential of the Iraqi market and the valuable opportunities it presented. The agreement was signed between Joe Li, Global Chairman of ATFX, and Ziad Fatayer, the CEO of Ashur Bank.

       

       

      Visual content
      ATFX Global Chairman, Joe Li (left), CEO Ashur Bank, Ziad Fatayer (right)

      ATFX as been gaining a firmer hold in the Middle East. Last week the UAE branch of ATFX, ATFX Mena Financial Services LLC,, gained a Category Five status under the UAE's SCA's licensing regime allowing it to introduce clients as well as provide financial consultation and financial analysis.  The UAE branch of ATFX already employs approximately 30 staff members in various roles and anticipates significant expansion in the coming months

      Ashur Bank was established in 2005 and is considered the first investment bank that provides the full package of banking services for commercial enterprises and individuals in Iraq.

      Iraq currently has 4 home-grown retail brokers operating in its domestic market: Smart Trader Iraq, VCG Markets, Sender FX, Forex Iraq.

      ATFX Connect is a trading name of AT Global Markets (UK) Limited (authorised and regulated by the FCA), and AT Global Markets (Australia) Pty Limited (authorised and regulated by ASIC). Connect is the Institutional arm of the wider ATFX Group. Connect offers Institutional and Professional traders an extensive range of services for both Agency PB and Margin accounts. ATFX Connect provides bespoke aggregated liquidity in Spot FX, NDFs, indices, Commodities and Precious metals to a wide range of institutional clients from hedge funds, Tier 1 and regional banks, high net worth investors, asset managers, family offices and other brokers. ATFX Connect's liquidity pool is constructed from Tier 1 banks and non-bank providers that it has partnered with, trading in both sweepable and full amount forms. Agency PB Clients can connect via direct FIX API, external technology solutions or via our own trading platform. For margin clients, ATFX Connect provides market access via the group's MT4/MT5 platform and provides a bridge solution for those who wish to connect via FIX API.

      This content may have been written by a third party. LiquidityFinder makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplies by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.
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