Pharos Holding signs a global agreement with Exotix Capital

Pharos expands global reach in tie-up with Exotix: Our friends at Pharos Holding have inked a global agreement with emerging markets specialists Exotix Capital that will allow Exotix’s clients to trade the Egyptian market through Pharos Brokerage and to access the firm’s research products, the firms said in a joint statement (pdf). Pharos and Exotix began working together earlier this year when they inked a chaperone agreement under which Pharos was allowed to meet and trade with clients across the United States. “This growing network should drive both Pharos and Exotix to increase our joint share of international investment flows. As Egypt's IPO programme recommences in 2019, this relationship also offers the potential to increase the exposure of Egypt's capital markets to new institutional clients.”