Audi Capital unveiled a new online trading platform last week, giving Saudi investors access to dozens of international markets through a partnership with fintech firm GTN.

The broker launched “Audi Tadawul” at its Riyadh offices on September 30, aiming the platform at wealthy individuals, institutions, family offices and corporations. Users can trade equities, ETFs, bonds, currencies, derivatives, commodities and alternative investments across more than 80 markets.

Audi Capital holds a securities license from Saudi Arabia's Capital Market Authority, issued in 2006. The firm offers dealing, arranging, investment management advisory and custody services under local regulations.

GTN Supplies Trading Infrastructure

GTN provided the technology backbone for the platform. The fintech company operates broker-dealer licenses across multiple countries and employs over 500 people in 14 markets. Its investors include IFC, part of the World Bank Group, and SBI Group, a Tokyo-listed financial services firm.

“Our partnership with Audi Capital represents a powerful step forward in democratizing access to global markets,” said Damian Bunce, CEO of GTN Middle East.

The platform includes real-time market data, charting tools and risk management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term features. Investors can access it through web browsers and mobile devices using a single account.

In the meantime, the company has appointed Jon Lester as its new Chief Operating Officer (COO) for the Middle East. The appointment comes as the company expands its operations in the region and worldwide.

Vision 2030 Alignment

Saudi Arabia has been pushing to expand its financial services sector as part of Vision 2030, the kingdom's economic diversification plan. The government wants to grow Riyadh as a regional financial hub Hub A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method Read this Term and attract more international investment.

Daniel Asmar, CEO of Audi Capital, said the platform “empowers our clients to invest with speed, precision and confidence in both the Saudi and global financial markets across various asset classes.”

Audi Capital has operated in Saudi Arabia for nearly two decades. The firm says it follows international wealth and asset management standards while complying with local requirements.

The broker didn't disclose pricing details, investment minimums or projected client numbers for the new platform. GTN also didn't specify which of its 14 country operations would support the Saudi service.

Several international brokers have expanded in the Gulf region recently as local regulators ease restrictions and wealthy investors seek portfolio diversification beyond oil-linked assets.

Related stories:

• GTN Partners With Georgia's Investment Bank and Brokerage Firm Galt & Taggart for Cross-Border Trading
• GTN Names Sham Treon Chief Risk Officer for Middle East
• The UK Regulator Opens Doors for GTN's European Growth Push