DUBAI, United Arab Emirates--(BUSINESS WIRE)--Nov 1, 2026--
MultiBank Exchange, part of MultiBank Group, one of the world’s largest financial derivatives institutions, has announced the world’s first interbank trading platform to offer double exotic currency pairs with settlement in both fiat currencies and digital assets.
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With daily trading volumes of up to US$ 21 billion (AED 77 billion), the MultiBank Exchange platform connects more than 30 tier-one banks and liquidity providers. It features the fastest matching engine in interbank trading history, operating at 400 nanoseconds, and is the first interbank trading platform to offer credit and settlement services to all its counterparties.
The Group also announced the formation of the Board of Directors of MultiBank Exchange Holding, chaired by Naser Taher, Founder and Chairman, with the following members:
The unveiling of MultiBank Exchange was announced during MultiBank Group’s participation as a co-host sponsor of Dubai Future Finance Week, where the Group is meeting clients and institutional partners to discuss the platform’s capabilities and opportunities for participation.
Naser Taher, Founder and Chairman of MultiBank Group, said: “MultiBank Exchange represents a significant expansion of the Group’s role in institutional financial markets. We are bringing together the technology, liquidity and settlement infrastructure that institutions need to participate more effectively in global trading. Our ambition is to address access barriers across emerging markets and build stronger connections between these markets and the international financial system. Dubai Future Finance Week provides an opportunity to discuss this directly with clients and prospective partners.”
MultiBank Exchange is the first interbank trading platform in emerging markets to support settlement in crypto digital assets. It also combines institutional liquidity with settlement services through the Group’s regulated subsidiaries in Australia, Singapore and the UAE, an integrated offering that is unique among interbank trading exchanges worldwide.
Mohammed Al Hakim, Vice Chairman of MultiBank Group, said: “The technical focus is on connecting execution with the credit and settlement arrangements required to complete a transaction. Our matching engine operates at 400 nanoseconds, while the platform brings together pricing from multiple institutional liquidity providers. Support for double exotic currency pairs, alongside fiat and digital asset settlement, extends the options available to counterparties trading across different markets.”
The platform serves banks, financial institutions, hedge funds, family offices and derivatives brokers, offering access to more than 250 currencies through a network providing the world’s deepest liquidity and tightest spreads. MultiBank Group is also the world’s only financial derivatives institution supplying its own liquidity to its trading platforms.
MultiBank Exchange has also signed a memorandum of understanding with the Government of Kazakhstan, paving the way for interbank settlement in digital currencies and supporting its broader objective of connecting conventional foreign exchange markets with digital settlement infrastructure.
ABOUT MULTIBANK GROUP
MultiBank Group, established in California, USA in 2005, is a global leader in financial derivatives, serving over 2 million clients across 100 countries, and boasts a daily trading volume that exceeds $35 billion. Renowned for its innovative trading solutions, robust regulatory compliance, and exceptional customer service, the Group offers an array of brokerage services and asset management solutions. It is regulated across five continents by 18+ of the most reputable financial authorities globally. The group’s award-winning trading platforms offer up to 1000:1 leverage on a diverse range of products, including Forex, Metals, Shares, Commodities, Indices, and Cryptocurrencies. MultiBank Group has received over 80 financial awards recognizing its trading excellence and regulatory compliance. For more information, visit MultiBank Group’s www.multibankgroup.com.
MultiBank Exchange is designed to connect banks and financial institutions across the GCC, BRICS and other emerging markets with Western trading technology and global liquidity. Its objective is to enable these institutions to participate in international foreign exchange markets on an equal footing with their Western counterparts.
DUBUQUE, Iowa (AP) — President Donald Trump is closing out the final days of a turbulent midterm campaign with rallies in two states he has handily won in the past while Democrats began to fracture in Michigan, risking their effort to retake the Senate.
The president is in Salina, Kansas, after speaking for two hours earlier Sunday in Dubuque, Iowa. Republicans in both states are fending off robust challenges from Democrats, threatening GOP majorities in the Senate while they're already at risk in the House.
But in Iowa, Trump insisted Republicans were on the verge of sweeping victories on Election Day on Tuesday.
“We're going to elect ‘America first’ Republicans up and down the line,” he said.
With more than 54 million votes already cast, the trips reflect the GOP's defensive posture as the elections become a referendum on Trump's White House second term.
They are a reminder of how starkly the political environment has changed since Trump’s last campaign. In 2024, he worked to flip states that had previously backed Democrat Joe Biden in 2020. This year, Trump has focused largely on states he has dominated before as voters, including previous supporters, question the economic fallout of his decision to impose tariffs and launch the war in Iran.
But Democrats who have become increasingly bullish on their prospects were confronting challenges of their own.
In Michigan, Democrat Abdul El-Sayed's onetime opponent in the Senate primary, Haley Stevens, appeared with Republican Mike Rogers at a church service and later endorsed his campaign. Stevens, a congresswoman who has criticized El-Sayed as being insufficiently supportive of Israel, said she backed Rogers after an invitation to a Democratic event was rescinded.
“Our Democratic nominee for Senate said I was no longer welcome in his campaign and that I should stay away,” Stevens said in a video announcing the endorsement. “And he’s right. And that’s why I am endorsing Mike Rogers for the United States Senate today.”
The stunning move forced other Democrats to reiterate their support for El-Sayed. Chuck Schumer of New York, the top Democrat in the U.S. Senate, said the party was “united in our support.” U.S. Sen. Kirsten Gillibrand of New York, who leads the Democratic Senatorial Campaign Committee, said the party would “stand firmly” behind El-Sayed and “reject any efforts to divide Democrats.”
Earlier, U.S. Sen. Bernie Sanders, a top supporter of El-Sayed, dismissed concerns about a Democratic divide.
“Haley Stevens lost a very, very close primary. I can understand being upset about that,” the Vermont independent said on CBS' “Face the Nation.” “But from what I can see, all over the state, people are standing up, they’re gonna stand with Abdul.”
Michigan plays a key role in the Democratic effort to retake control of the U.S. Senate. If they don't keep that seat on Tuesday, they would face additional pressure to win races in deeper Republican territory such as Texas, Kansas, Ohio or Iowa.
The campaign's closing stretch has largely become a test of Trump’s enduring strength in a Republican Party he reshaped in his image a decade ago. He's hoping to energize voters like Jon Lutz, a Dubuque resident who watches videos of Trump all the time but attended his first rally on Sunday.
Lutz said he's happy with Trump's second term record and wants Republicans to keep control of the House and Senate so his agenda will advance.
“He’s done what he’s said he’s going to do,” the 60-year-old civil engineer said. “I want him to keep going.”
Wendy Kuenzler was also seeing Trump for the first time on Sunday. Waiting in line at the concession stand, the 44-year-old from Burlington said she felt that Iowa was at a crossroads with multiple competitive elections. She plans to support Ashley Hinson, the U.S. Senate nominee.
Kuenzler said she doesn't blame rising gas and grocery prices on Trump. "He's on the path to correcting it,” she said.
Democrats in Iowa were also campaigning feverishly on Sunday. Rob Sand, the nominee for governor, was holding several events across the state.
In Kansas, Liz Wagner, a 59-year-old restaurant owner, traveled 165 miles (266 kilometers) from her hometown of Atchison, to attend Trump’s outdoor rally at the airport in Salina, Kansas. She said she agrees “with everything he says.”
“I want people to get up and go to work and stop sticking their hands out,” she said while waiting to get into the rally. “The Democrats like to hand things out.”
Trump is betting that he can overcome the headwinds facing Republicans this year by relentlessly appearing before his most loyal supporters. But the more than two dozen rallies he held in October were occasionally overshadowed by Trump's meandering asides and sometimes graphic descriptions of the physique of the male politicians he was supporting.
Trump paused the rallies on Saturday and spent the evening at his Mar-a-Lago resort in Florida at a jungle-themed Halloween party, where he bragged about the wealth of his guests and dismissed concerns about the country's direction.
“The country has never done better,” he said.
Outgoing Rep. Don Bacon, R-Neb., raised concerns on Sunday that the president's policies, particularly tariffs, could weigh down the GOP.
“Tariffs are not popular here in the Midwest,” he told CNN's “State of the Union.” “I tried telling the president that.”
Bacon predicted “there will be a debate in the party” about its future if there are significant losses this week.
Sen. Tim Scott of South Carolina was more optimistic. The chair of the National Republican Senatorial Committee said he was confident Republicans would keep the Senate and embraced Trump's role in the campaign.
“There's no doubt that President Trump has said himself that the midterm election is about him," he told NBC's “Meet the Press.” “His agenda, without any question, is on the ballot.”
Sloan reported from Washington and Hanna from Salina, Kansas. Associated Press writers Corey Williams in Detroit and Will Weissert, Joey Cappelletti and Jonathan J. Cooper in Washington contributed to this report.
President Donald Trump points as he speaks during a campaign rally at the Five Flags Event Center, Sunday, Nov. 1, 2026, in Dubuque, Iowa. (AP Photo/Charlie Neibergall)
Senate candidate Rep. Ashley Hinson, R-Iowa, greets attendees before President Donald Trump arrives to speak during a campaign rally at the Five Flags Event Center, Sunday, Nov. 1, 2026, in Dubuque, Iowa. (AP Photo/Charlie Neibergall)
Rep. James Clyburn, D-S.C., left, Rep. Debbie Dingell, D-Mich., Sen. Angela Alsobrooks, D-Md., Michigan Democratic Senate candidate Abdul El-Sayed and his wife Sarah Jukaku, attend a church service at Greater Emmanuel Institutional Church of God in Christ, Sunday, Nov. 1, 2026, in Detroit. (AP Photo/Julia Demaree Nikhinson)
A supporter holds up a sign beforePresident Donald Trump arrives to speak during a campaign rally at the Five Flags Event Center, Sunday, Nov. 1, 2026, in Dubuque, Iowa. (AP Photo/Charlie Neibergall)
Michigan Republican Senate candidate Mike Rogers, right, and Rep. Haley Stevens, D-Mich., attend a service at Perfecting Church, Sunday, Nov. 1, 2026, in Detroit. (AP Photo/Jose Juarez)
Michigan Democratic Senate candidate Abdul El-Sayed speaks at a campaign rally, Saturday, Oct. 31, 2026, in Sterling Heights, Mich. (AP Photo/Julia Demaree Nikhinson)
President Donald Trump speaks at a Halloween party at his Mar-a-Lago estate in Palm Beach, Fla., Saturday, Oct. 31, 2026. (AP Photo/Jacquelyn Martin)
