Iraqi Dinar Discussion Board

[Marcelno]

Wednesday, November 25, 2009
Trade Bank of Iraq joins Thomson Reuters world-class global foreign exchange trading service

Nov 25, 2009 (Hugin via COMTEX) ----Trade Bank of Iraq- first bank in Iraq to join Thomson Reuters global foreign exchange trading service

Baghdad & Dubai, 25 November, 2009 - Thomson Reuters today announced the Trade Bank of Iraq (TBI) will be the first bank in Iraq to connect to the international foreign exchange (FX) community using Thomson Reuters Dealing trading service. This deal reinforces Thomson Reuters strong position in the FX dealing space and further expands its global dealing community.

TBI, a state-owned bank, was established in July 2003 to facilitate Iraq's international trade and the reconstruction of the country after the expiration of the UN Oil-For-Food Programme. TBI has built relationships with a network of 120 banks covering 63 cities in 39 countries. It was one of the first Iraqi banks to receive lines of credit from major international financial institutions.

By joining the professional international FX community through Thomson Reuters Dealing, TBI will be able to access liquidity and counterparties 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 financial professionals. The Bank's dealing code will be TBIB.

more on info.
http://www.foxbusiness.com/story/markets/industries/media/trade-bank-iraq-joins-thomson-reuters-world-class-global-foreign-exchange/