Shuaa Securities, the brokerage arm of Shuaa Capital, a leading financial services institution, has expanded its regional operations and network with the addition of its Jordan subsidiary.

Shuaa Securities is a leading brokerage service provider in the Middle East offering clients a seamless multi-market trading experience across all the main regional equity markets including the UAE, Egypt, Saudi Arabia and Jordan.

Shuaa Securities will consistently grow its operations to give its clients direct access to the majority of the GCC and Mena brokerage markets through a single trading account, making it the premier regional trading hub, he added.

This is in addition to its existing institutional desk which offers clients access to 14 exchanges across 12 GCC and Mena markets through nominee account relationships.

'Jordan is an important addition to our brokerage network and we are now able to offer institutional, HNW and retail clients from across the region direct access to this market,” said Mohammed Ali Yasin, chief executive, Shuaa Securities.

“Despite the challenging market environment Shuaa Securities has been able to significantly increase its market share across the region and in particular in the United Arab Emirates where we ranked as the second largest broker by transaction value in April 2009 with 5.22 per cent market share.'

'During the same period, we were also the most active regional member out of all brokers in Nasdaq Dubai.'

'We recently launched the Shuaa Capital Investor Sentiment Survey which indicated that investor confidence in the region is positive. The survey results also suggest that major regional exchanges should witness stronger demand from investors and a rise in stock prices over the next six months,' added Kerim Mitri, deputy chief, Shuaa Capital.-TradeArabia News Service