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DFM enrols ‘Al Wathbah’ to margin trading members

DUBAI, June 22, 2015

Dubai Financial Market (DFM) said ‘Al Wathbah Shares and Bonds Center’ has been accredited to provide Margin Trading service, lifting the total number of DFM brokerage firms providing this service to 29 companies.
 
The 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, said a statement.

DFM is currently processing similar applications from other brokerage firms in collaboration with the Securities and Commodities Authority (SCA), it added. - TradeArabia News Service




Tags: DFM | brokerage | firm |

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