DFM accredits Al Ramz for market access
Dubai, December 2, 2013
Dubai Financial Market (DFM) has accredited ‘Al Ramz Securities’ to provide direct market access (DMA) for global brokers.
This accreditation takes the number of DMA service providers to six, while the exchange is currently processing similar applications from other firms in collaboration with the Securities and Commodities Authority.
DMA permits brokerage companies to mandate a global broker to use its access point to place buy and sell orders for electronic trading via the internet, allowing global brokers to directly trade on the market. - TradeArabia News Service