PROJECT

Projects

Summary of Investment Information

Project Number

44293

Company Name

GTN Group Holding Limited

Date SPI Disclosed

Jul 1, 2021

Country

United Arab Emirates

Region

Middle East

Projected Board Date

Jul 30, 2021

Environmental Category

C - No Impact

Status

Active

Last Updated Date

Mar 7, 2022

Department

Disruptive Tech, Service & Funds

Industry

Financial Markets

Previous Events

Approved : Dec 8, 2021
Signed : Dec 15, 2021
Invested : Feb 4, 2022

Sector

Exchanges (Trading Systems)

Project Description

The Project consists of an equity investment by IFC in Global Market Access Network (DIFC) Ltd. (the “Company”). The Company operates Global Trading Network (“GTN”), a regulated trade execution technology platform which includes market data and third-party clearing and settlement services for stocks, bonds, foreign exchange, commodities, exchange-traded funds and other financial instruments. GTN provides its broker and institutional investor clients with efficient and low-cost global access to frontier, emerging and developed capital markets, with connectivity into over 80 exchanges across over 60 countries via a single-counterparty platform.

Associated Advisory Engagement

                                      

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation