GCC currency pairs live on ACM
US dollar base currency crosses on the Bahrain dinar, Saudi Arabia riyal, Qatar riyal, Oman rial, United Arab Emirates dirham and Kuwait dinar are due to go live on the platform today (May 5).
Middle East customers account for around 20% of trading volume on the spot FX trading platform. The company opened a representative office in Dubai in 2005, and last July opened its brokerage subsidiary, ACM DMCC, in the city.
The company also plans to offer Latin American currencies, with USD/Mexican peso
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