DKK Partners, a UK-based emerging markets liquidity provider, has launched in Dubai to support local businesses in the Middle East.
The office, based in the Dubai World Trade Centre, will act as a central hub for DKK in the region, granting greater access to the Middle East, Africa and Asia trade corridors.
DKK’s Dubai operation has already obtained its World Trade Centre free zone licence and it has plans to add virtual assets licences through Dubai’s Virtual Assets Regulatory Authority in the near future.
It will begin trading immediately to support local businesses and the local economy through access to FX services.
The news follows DKK achieving 60% growth in 2022, surpassing $100m in revenue, up from $63m the previous year.
Asia Salvatore, head of sales for DKK in Dubai, commented on the launch: “We are excited to launch in Dubai and bring our mastery of FX to empower businesses and financial institutions who have previously lacked access to high quality solutions.”
Khalid Talukder, co-founder and chief executive officer of DKK Partners, said: “DKK has achieved fantastic growth over the past year and launching in Dubai is a natural step to continue our expansion and evolution as a frontier markets currency trading house.
“We have a passionate team with extensive knowledge of the local market ready to hit the ground running and deliver high quality FX services to the region.”
DKK recently appointed former Citi managing director Sandip Sen as board adviser to accelerate its global growth.
It also opened an office in Ghana to target FX opportunities within Africa.
Image: DKK Partners