BIBF kicks off a strategic collaboration with Equiti Group
The Bahrain Institute of Banking and Finance (BIBF) announced the offering of a comprehensive 7-week course aimed at educating existing and potential CFD & FX traders in Bahrain on the mechanics and tactics of global markets.
The market for managed Foreign Exchange (FX) and Contract for Difference (CFD) is a market where these over-the-counter (OTC) derivative contracts are one of the largest in the world, with over 5 trillion traded daily.
“As technology is the backbone of the FinTech industry, and to ensure that those attending the course receive the best-in-class market knowledge, BIBF is collaborating with Equiti Group on the technological aspects of the course. Equiti is a market leader in FX and CFD trading and is well-known, both regionally and globally, for its innovations in the industry.” explained consultant Mohammed Folath, who is overseeing the collaboration between BIBF and Equiti.
The Director of BIBF, Dr. Ahmed Al Shaikh, explained that the upcoming course is “designed to arm potential traders in Bahrain with all the knowledge they might need with regard to the financial products and services available to them, and how to benefit from the global markets while managing risk to their investment. It is in line with the knowledge we at BIBF work to convey to people in Bahrain.”
The importance of education and training about FX and CFD was further emphasised by the Managing Director – MENA of Equiti Group, Mr. Mohammad Al Ahmad, who said, “We are always happy to see initiatives like this one. Equiti is a keen supporter of training programmes focused on trading in global markets, especially in this region. We are particularly proud of our collaboration with BIBF on this occasion.”
This training programme is aligned with the strategic role that BIBF plays in the training and development of human capital in the Kingdom of Bahrain and is, according to Equiti’s Regional Head of Market Research Mr. Raed Alkhedr, “the first of many projects the institute is planning to carry out in collaboration with Equiti.”
The growing interest, among both institutional and individual investors, in trading is encouraging many in the region to explore opportunities within the FX and CFD market. This in turn, as Equiti’s Fadi Sader put it, entails “the introduction of new financial products and instruments that are compatible with the specific needs of investors in our region.”
BIBF covers a wide spectrum of subject matter, with over 400 different courses offered to the financial and corporate market. Since its inception in 1981, BIBF has qualified over 200,000 learners.