Dubai Financial Market (DFM) has accredited ‘Mashreq Securities’ to provide Direct Market Access (DMA) for global brokers.

This accreditation has lifted the number of DMA service providers to five brokerage firms, said a statement.

The exchange is currently processing similar applications from other brokerage firms in collaboration with the Securities and Commodities Authority (SCA), it said.

DMA permits brokerage companies to mandate a global broker to use its DMA access point to buy and sell orders as some sort of electronic trading via the internet, allowing global brokers to directly trade on the market. - TradeArabia News Service