Monday, 25 September 2017 05:14 GMT

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DFM accredits 4 brokerage firms to provide margin trading

(MENAFN -Khaleej Times) since its introduction in 2012 the value of margin trading on the dfm is amounted to dh48

The dubai financial market or dfm on sunday announced that al jazeera financial services awraq islamic for shares and bonds al dar shares and bonds and daman securities have been accredited to provide margin trading lifting the total number of dfm brokerage firms providing this service to 16 companies.


Since its introduction in 2012 the value of margin trading on the dfm is amounted to dh48.5 billion equivalent to 8.5 per cent of total trading value.


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 securities and commodities authority’s licence. dfm is currently processing similar applications from other brokerage firms in collaboration with the sca.


Efg-hermes uae brokerage al ramz securities direct broker for financial services nbad securities finance house securities company al ansari financial services adib securities mena corp financial services vision capital brokerage company al dhabi brokerage securities & investment company uae and naeem shares and bonds are the other companies that provide margin trading on the dfm.


The 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.


— business?khaleejtimes.com
DFM accredits 4 brokerage firms to provide margin trading

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