Ashraf Ebid Joins Asia-focused FCA Regulated Broker Global Market Index as CEO

    LONDON, ENGLAND, June 17, 2016 /24-7PressRelease/ -- Global Market Index Limited ("GMI") announced that Ashraf Ebid will be joining GMI as Global CEO. Mr. Ebid will report to the Board of Directors.

"We are very fortunate to have Ashraf join us as our Global CEO and lead our company into our next phase of business development and global expansion. Ashraf was one of the main architects behind the success and building of GFT (now part of Gain Capital) from a smaller new company to an online trading world leader in FX and CFD trading," said President, Jeff Chao. "Ashraf brings a wealth of knowledge in planning, and executing unique and profitable global business plans. With Ashraf's addition to the company, as our global CEO, we are raising our level of sophistication globally which will enable us to provide a more superior experience to our B2B clients. Additionally, we'll be able to attract a wider client base including more complex partnerships," said Mr. Chao.

"Jeff has assembled a great team of professionals and has built a great company. I'm excited for the opportunity to work with Jeff and the GMI team to enter our next phase of aggressive growth plans and providing one of the best liquidity solutions, prices and trade execution services available in the industry," said Ashraf Ebid. "We are truly excited being a B2B/STP-ECN only broker about our unique institutional offering to white label partners where we provide them with access to an impressive array of six major FX and CFD's trading platform technologies as well as a powerful pricing aggregation from three major ECN's."

Prior to joining GMI, Mr. Ebid served as Global President and CEO of GKFX, London, UK and President of FXdirekt Bank, Oberhausen, Germany. Ebid also served in New York and London as a Director of Global Futures & Forex, Ltd. (GFT), and a member of its executive committee. Mr. Ebid was one of the main architects behind the huge success of GFT and he personally established GFT's U.S. Sales offices as well as its overseas sales offices/companies and business operations in Japan, UK, Australia, Singapore and Dubai. He also served as Director of GFT Global Markets UK, and as Director of GFT Global Markets Asia. He is an expert in sales and business management and is quite seasoned in the international business environment. He is fluent in English, German, French and Arabic.

Previously, Mr. Ebid served as vice president of sales while working for the Fortune 500 Company, First Data Corporation, where he last served as First Data's head of sales in their joint venture with PNC bank as well as working with the Citibank, Harris Bank and Barnet Bank joint venture alliances with First Data. He also served as an investment officer at the Chase Bank Corporation. Mr. Ebid has previously held a Series 3 and Series 30 commodity futures license while in the U.S and earned his Bachelor of Science degree in business management and accounting from the Suez Canal University.

Global Market Index (GMI), was co-founded by Jeff Chao, who is the firm's current President. GMI started its brokerage services in 2009 with a heavy focus on the Asia Pacific market. In 2010, GMI was an early pioneer to introduce ECN and STP technologies into the Asia Pacific region. In 2015, with continued efforts to provide value to its clients, GMI successfully received its authorization as an STP-ECN only broker from the Financial Conduct Authority (FCA) in the UK (FRN:677530).

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