First Abu Dhabi Bank (FAB) has partnered with UK-based post-trade and technology company Thomas Murray to provide information on market changes which will be available to subscribers of Thomas Murray’s securities market information (SMI) database.
Through the SMI database, FAB will provide guidance on local markets rules and regulations as well as systems and procedures for the trading, clearing, settlement, custody and asset servicing of securities.
The information from FAB is set to benefit subscribers, ensuring they are kept up-to-date and follow local regulations in relation to the trade and post-trade process.
Through the mandate, FAB, a direct custodian in the UAE, Saudi Arabia, Egypt, Kuwait, Bahrain, Oman and Lebanon, will become a key information source throughout the Middle East.
Kashif Darr, managing director and head of securities services at FAB, says: “We are proud to partner with Thomas Murray and to be a trusted source of market developments and vital information for investors and their providers. We have deep and long-standing relationships with the key financial market participants across all major centres of the Middle East, which offers us intimate access to market developments and information.”
Jim Micklethwaite, head of operations, Thomas Murray comments: “We are delighted to have FAB joining our SMI service. Their knowledge and expertise in financial services in the Middle East will be an invaluable tool for those financial institutions conducting business in the region and an outstanding addition to our 250-strong sources of information. This agreement solidifies the existing relationship which we have had with the bank for several years.”
