The enrolment of "International Financial Brokerage" lifts number of "Margin Trading" members to 32
Dubai, 11 January 2016: Dubai Financial Market (DFM) today announced that "International Financial Brokerage" has been accredited to provide Margin Trading service, lifting the total number of DFM brokerage firms providing this service to 32 companies.
The total value of Margin Trading reached to AED 58.3 billion representing 19.26% of the market's total trading value during 2015 and number of Margin Trading transactions reached to 534,952 in the same year. Margin Trading permits brokerage companies to fund a percentage of the market value of securities traded, and secure as collateral for the same securities or any other collateral as required by the SCA's license.
Margin Trading service providers on DFM:
Company
1 EFG-HERMES UAE BROKERAGE
2 Al Ramz Securities
3 Direct Broker For Financial Services
4 NBAD Securities
5 Finance House Securities Company
6 Al Ansari Financial Services
7 ADIB Securities
8 Mena Corp Financial Services
9 Vision Capital Brokerage Company
10 ADCB Securities L.L.C
11 Securities & Investment Company UAE
12 Naeem Shares and Bonds
13 Mawarid Securities
14 Awraq Islamic for Shares and Bonds
15 Al Dar Shares and Bonds
16 Daman Securities
17 Pioneers Securities
18 Al Dhafra Financial Broker
19 Delma Brokerage
20 AL Safwa Islamic Financial Services
21 Global For Shares & Bonds
22 Al Fardan Financial Services
23 Al Brooge Securities
24 Al-Sharhan Stock Center
25 "Al Hadaf Financial Securities"
26 Brokerage House Securities
27 First Gulf Financial Services
28 Fujairah Shares & Bonds
29 Al Wathbah Shares & Bonds Center
30 Index Securities
31 Al Fajer Securities
32 International Financial Brokerage
-Ends-
About Dubai Financial Market:
Dubai Financial Market (DFM) was established as a public institution with its own independent corporate body. DFM operates as a secondary market for the trading of securities issued by public shareholding companies, bonds issued by the Federal Government or any of the local Governments and public institutions in the country, units of investment funds and any other financial instruments, local or foreign, which are accepted by the market. The DFM commenced operations on March 26, 2000. Following its initial public offering in November 2006, when DFM offered 1.6 billion shares, representing 20 per cent of its paid-up capital of AED 8 billion, DFM became a public joint stock company. Following the IPO, the Government of Dubai retained the remaining 80 per cent of DFM Company through Borse Dubai Limited. www.dfm.ae
For further information, please contact:
Atef Fathy
Vice President- Head of Media & Public Relations
Dubai Financial Market
Tel: 04-3055334
Email: afathy@dfm.ae
© Press Release 2016
