Leading Dubai developer Union Properties has appointed BH Mubasher, one of the UAE’s leading capital markets companies, as a liquidity provider, on the approval from Dubai Financial Market (DFM).
This new product authorises BH Mubasher to engage with an issuer of a listed security to provide them liquidity, in accordance with the financial market’s rules and regulations.
Galen Moore, the Head of Cash Equity & Derivative Market Making at BH Mubasher, said: "This will enable us to maintain tight spreads, increase trading volumes and lower volatility whilst enabling greater price discovery for investors. This is a positive step forward for BH Mubasher and the Market."
Moore said: "A Liquidity Provider ensures there is a consistent depth to the market for sellers and buyers to transact their orders and enable their liquidity needs to be met."
"We would like to thank DFM for authorising this move, and in doing so recognising BH Mubasher’s services and contribution to the UAE financial market," he added.
Since its inception in 2006, BH Mubasher Financial Services has been one of the top ranked firms in the country’s financial markets regulated by the UAE Securities and Commodities Authority.
A pioneer in financial technology, it offers investors access to capital markets in UAE, Saudi Arabia, US, UK and other regional and international market.
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