Gulf currency volumes improve on TR Matching

Mark Kiley, head of sales in the Middle East for Thomson Reuters based in Dubai, said interest in these currencies is global. "We are seeing tier-one and -two banks from London, New York, Singapore, Zurich and Frankfurt trading these currencies," he said.

According to Kiley, more than a $1 billion is traded a month on the UAE dirham and Saudi riyal. The dirham was launched on Spot Matching in April (FX Week, May 31).

But voice broking is deeply entrenched in the Middle East, and other bank

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