In partnership with the Central Bank of Iraq (CBI), Refinitiv is rolling out an awareness program to promote FX global best practices in Iraq.
As part of the collaboration with the CBI, Refinitiv organised a specialised workshop hosting 19 Iraqi banks in Beirut, Lebanon. The workshop covered a wide variety of FX themes aimed at enhancing the practice, upgrading the technology tools, and cementing Interbank collaboration within the Iraqi financial and banking community.
“It is crucial we implement global practices as we move to a more regulated FX & Money Market (MM) Trading in Iraq. Our partnership with Refinitiv will raise the quality of our Interbank collaboration and allows our key banks to explore a new spectrum of technology tools used by FX and MM traders globally. We look forward to rolling out more awareness sessions aimed at educating the Iraqi banking community on the latest trading conventions and tools,” Dr. Mahmoud Dagher, General Director, Central Bank of Iraq.
“We are proud to be part of the CBI’s vision to develop a sound Iraqi interbank community. In today’s evolving FX markets, banks need flexible trading platforms and tools that provide control over electronic pricing, distribution and hedging to meet the growing demands of their client base and improve internal efficiency through automation,” Nadim Najjar, Managing Director, Middle East and Africa, Refinitiv, said.
“Our collaboration with CBI was the result of extensive research, preparation and coordination which will benefit the Iraqi banking community,” Najjar concluded.
Refinitiv offers the world’s leading independent source of trusted FX market insight, interbank and dealer-to-client electronic trading venues, workflow management, and post-trade and regulatory support for both sell- and buy-side market participants.
Refinitiv is one of the world’s largest providers of financial markets data and infrastructure, serving over 40,000 institutions in over 190 countries. It provides leading data and insights, trading platforms, and open data and technology platforms that connect a thriving global financial markets community – driving performance in trading, investment, wealth management, regulatory compliance, market data management, enterprise risk and fighting financial crime.
Middle East, Africa, Central & Eastern Europe
© Press Release 2019