05 December 2016
Menacorp, the UAE’s leading financial services firm, has cemented its undisputed position as the most active broker on Nasdaq Dubai’s equity futures market. Consistently delivering industry-leading services, Menacorp recently posted 63.4% market share in terms of trading volume according to market’s official data.
Enabling trading of Single Stock Futures on the shares of some of the UAE’s leading and most liquid companies, Nasdaq Dubai’s equity futures market offers a unique opportunity to international and regional investors to profit from market movements and to hedge their positions. The market opened on September 1, 2016 as a result of collaboration between Nasdaq Dubai and leading capital markets participants such as Menacorp.
Racha Al Khawaja, Head of Institutional Coverage, Menacorp, said: “The futures market serves as a valuable tool that certain businesses depend on to reduce their risks. Looking at the success stories of international futures markets, we can say with confidence that equity futures will soon rise to become an important segment in the coming years. It is indeed a privilege to be chosen as a top broker on Nasdaq Dubai and such an accomplishment is a reflection of our long-term commitment to excellence, quality, and topnotch client-focused solutions.”
Nabil Al Rantisi, Managing Director Brokerage, Menacorp, added: “On UAE markets, we have 49 competitors, and we know that clients will not come to us by default. It requires hard work, outstanding services and constant innovation to deliver the best offering available in the market and differentiate ourselves from the crowd. With nearly two-thirds of all Nasdaq Dubai’s equity futures transactions going through our company, we are more than encouraged to further reinforce our strategy to become a one-stop-shop for investors for their trades not only in the UAE market but also in the whole of MENA region and the rest of the world. We look forward to sustaining our leading market position and exceeding the expectations of our clients in the years to come.”
Menacorp is the only UAE-based financial services firm to offer access to all UAE markets, including Dubai Financial Market (DFM), Abu Dhabi Securities Exchange (ADX), Nasdaq Dubai, and Dubai Gold and Commodities Exchange. From 2013 till year-to-date 2016, Menacorp has remained number one on DFM in terms of trade value and market share.
For more information, please contact:
Orient Planet PR & Marketing Communications
P.O. Box: 500266
Dubai, United Arab Emirates
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© Press Release 2016