XS.com, a forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and contracts for differences (CFDs) broker, has strengthened its team with the latest hiring of Ahmed Negm as the Head of Market Research for the Middle East and North Africa (MENA) region.

Ahmed Negm Joins XS.com as MENA Market Research Head

According to the press release shared with Finance Magnates, his role will be to help the broker's retail and institutional clients make more informed investment decisions across a range of asset classes. Further, he will continue to appear in English and Arabic media to provide market analysis and represent XS.com.

"I am eager to bring my expertise and knowledge to the team and help drive the company's success in the industry," said Negm.

"I am looking forward to collaborating with my new colleagues and using my skills to help support XS.com's retail, and institutional traders with their investment decisions whilst they navigate the ever-changing market landscape. This is a new chapter, and I am eager to see what the future holds."

XS.com was originally established in Australia in 2010, but it is now headquartered in Cyprus. It offers brokerage services with licenses in Australia, Cyprus, and Seychelles. Apart from retail counterparty trading, the company provides institutions with liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term, technology, and other white-label offerings.

Negm's hiring came within a week of XS.com announcing the appointment of Mohamad Ibrahim as the Group Chief Executive.

Check out the latest iFX EXPO Dubai session on "The Financial Melting Pot of MENA."

An Experienced Market Researcher

Negm has worked in the brokerage industry for a decade and at the MENA offices of several broker brands. He joined XS.com from the Egypt offices of FBS, where he was the Head of the Research Department. Before that, he held similar positions at Orbex and One Financial Markets for years.

According to his Linkedin profile, he entered the industry in 2012 and then joined the Cairo offices of Admiral Markets Group a year later as a Trainer and Technical Analyst. Additionally, he worked as the Chief Market Analyst at Dubai-based Earnex, which offers online futures and options trading solutions.

"Ahmed's expertise and passion for understanding the intricacies of the financial markets will be invaluable as we continue to grow our client base and expand into new jurisdictions," said XS.com's new CEO, Ibrahim. "I'm confident that through his longstanding industry experience and deep knowledge of the financial markets his addition to the company will bring fresh perspectives and drive our success in the industry."