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01 March 2024

FGB launches market info and online e-trading platforms

By Wam

First Gulf Bank (FGB) on Tuesday announced the launch of two new service products at the 2014 Global Financial Markets Forum (GFMF), which is being held at Emirates Palace in Abu Dhabi.

The new products from FGB’s Treasury and Global Markets Group include an online financial market news and information portal, FGB Insight; which delivers to clients interactive access to the global financial markets, news and research, and empowers their financial decisions by providing the best up-to-the-minute information available.

FGB Insight offers real-time exchange and OTC data, market-moving news, company fundamentals and consensus estimates reports, bringing all of the information that FGB’s customers need into one place.

FGB’s second product launch for the event, FGB Access, is an advanced e-trading platform which provides the bank’s corporate and institutional customers with access to multiple global market products, via one platform. The new service features encrypted connections for safety and security and can be used for FX and MM trading via streaming rates, using either one or double click trading. The platform can also be configured to meet individual requirements and enables FGB clients to trade using the specific amounts and currencies they need, quickly and efficiently.

Utilising the Treasury and Global Markets Group's unique 24/6 coverage model, the platform also provides users with the ability to place orders or trade via an interactive chat facility, facilitating unlimited cross asset coverage around-the-clock. Additionally, corporate customers can trade on behalf of multiple accounts that they can easily switch between, whilst the system also provides a comprehensive MIS for all trading activity, along with sales and trading support.

Andre Sayegh, Chief Executive Officer of FGB, said: "We were very pleased to showcase these new FGB products at the Global Financial Markets Forum today, and both were well-received by attendees. These new products will add significant value to our business by allowing us to expand the range and scope of the services we have on offer to clients. Companies are conducting business via online channels more and more each day, and it’s important for FGB, as one of the leading banks in the UAE, to remain at the forefront of technology and provide the most functional, secure and efficient services available."

He added, "We’re looking forward to introducing FGB Access and FGB Insight to our customers and providing them with an intuitive, streamlined banking experience which they can’t get anywhere else."

Hosted by NBAD, the 2014 Global Financial Markets forum is set to run until Wednesday 5th March and has become well-established as one of the Middle East’s leading annual financial markets conferences since its inception five years ago.