Middle East & Africa

Alternative Execution, the electronic and portfolio trading division of London-based agency brokerage Execution, has added Israel to the emerging markets where it offers trading services.

Swiss investment bank UBS has continued its push into emerging markets by launching its Direct Execution electronic trading suite in Israel.

Thomson Reuters, a market data and trading technology firm, has added broking house EFG-Hermes to its order routing network, expanding its exchange trading offering throughout the Middle East and North Africa (MENA) region.

Progress Apama, the algorithmic trading and complex event processing division of Progress Software, has unveiled plans to expand into central and eastern Europe (CIS), the Commonwealth of Independent States (CIS) and the Middle East with dedicated sales teams for the regions.

Investit, the specialist investment management consultancy, has opened an office at the Dubai International Financial Centre, its first in the Middle East / North Africa (MENA) region.

Credit Suisse’s Advanced Execution Services (AES) unit, the investment bank’s electronic trading division, has rolled out direct market access and algorithmic tools to five new countries.

J.P. Morgan has expanded its electronic trading capability to securities listed on South Africa’s Johannesburg Stock Exchange (JSE) and equity and agricultural derivatives listed on the South African Futures Exchange (SAFEX).

Agency broker and technology provider ITG said its POSIT crossing network can execute trades in equities from the Czech Republic, Hungary and South Africa.

InfoReach, a trading technology provider, is to have its InfoReach trade management system (TMS) distributed in the emerging markets by Marco Polo Network, an electronic trading platform.

French broker CA Chevreux has started offering its institutional investor clients access to firms listed on the Saudi Arabian stock market (Tadawul) through swap products.