Trade Bank of Iraq joins Thomson Reuters world-class global foreign
exchange trading service
(Thomson Reuters ONE) - Trade Bank of Iraq- first bank in Iraq to join Thomson Reuters globalforeign exchange trading serviceBaghdad & Dubai, 25 November, 2009 - Thomson Reuters today announcedthe Trade Bank of Iraq (TBI) will be the first bank in Iraq toconnect to the international foreign exchange (FX) community usingThomson Reuters Dealing trading service. This deal reinforcesThomson Reuters strong position in the FX dealing space and furtherexpands its global dealing community.TBI, a state-owned bank, was established in July 2003 to facilitateIraq's international trade and the reconstruction of the countryafter the expiration of the UN Oil-For-Food Programme. TBI has builtrelationships with a network of 120 banks covering 63 cities in 39countries. It was one of the first Iraqi banks to receive lines ofcredit from major international financial institutions.By joining the professional international FX community throughThomson Reuters Dealing, TBI will be able to access liquidity andcounterparties across global FX and money markets.TBI traders will also use Reuters 3000 Xtra, the company's real-time,high-performance desktop that delivers a full range of real-time,cross asset data and analysis tools for global financialprofessionals. The Bank's dealing code will be TBIB.Zaid A. Mahdi, Vice-President, Business Development at Trade Bank ofIraq, said, "This connection to the international foreign exchangecommunity via the world's leading source of intelligent businessinformation is a milestone for Iraq and for the Bank."The deal means that TBI will be able to widen the range of financialservices it provides to help Iraqi businesses to tradeinternationally and grow. It is further evidence that business inIraq is gradually returning to the international financial markets."Jas Singh, Global Head of Treasury, Thomson Reuters, said, "ThomsonReuters has maintained a strong presence in Iraq over the last 10years and we are delighted to support the development of itsfinancial markets by equipping TBI with the right tools andinformation to trade with the wider world. We look forward to workingwith them to open further opportunities as their banking systemsdevelop".Thomson Reuters Dealing is used by nearly 18,000 professionals across5,000 organisations to trade FX spot and forwards, as well as moneymarket, fixed income, commodities and derivatives in over 120countries.About Thomson ReutersThomson Reuters is the world's leading source of intelligentinformation for businesses and professionals. We combine industryexpertise with innovative technology to deliver critical informationto leading decision makers in the financial, legal, tax andaccounting, healthcare and science and media markets, powered by theworld's most trusted news organization. With headquarters in NewYork and major operations in London and Eagan, Minnesota, ThomsonReuters employs more than 50,000 people and operates in over 100countries. Thomson Reuters shares are listed on the Toronto StockExchange and New York Stock Exchange. For more information, go towww.thomsonreuters.comAbout Trade Bank of IraqTBI, a state-owned bank, was established in July 2003 to facilitateIraq's international trade and the reconstruction of the countryafter the expiration of the UN Oil-For-Food Programme. TBI has builtrelationships with a network of 120 banks covering 63 cities in 39countries. It was one of the first Iraqi banks to receive lines ofcredit from major international financial institutions. For moreinformation, go to www.tbiraq.com.CONTACTSThomson Reuters Trade Bank of IraqYvonne Diaz Taiseer MohammedPR Director, Financial Services Senior Manager, International+44 20 7542 2615 Operations Departmentyvonne.diaz(at)thomsonreuters.com +96 479 0194 3584 taiseer.alhairi(at)tbiraq.comCandice SgroiPR Manager, Middle East & Africa+971566818021candice.sgroi(at)thomsonreuters.comhttp://hugin.info/142273/R/1357013/329971.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 25.11.2009 - 10:00 Uhr
Sprache: Deutsch
News-ID 8824
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