DFM accredits 2 brokerage firms for market access
Dubai, July 30, 2013
Dubai Financial Market (DFM) said ADIB Securities and EFG Hermes have been accredited to provide direct market access (DMA) for global brokers.
DFM is currently processing similar applications from other brokerage firms in collaboration with the Securities and Commodities Authority (SCA).
It permits brokerage companies to mandate a global broker to use its DMA access point to place buy and sell orders in the form of electronic trading via the internet, allowing global brokers to directly trade on the market.
This development underlines the growing interest from international investors towards DFM listed securities. - TradeArabia News Service