DFM accredits 2 firms for margin trading
Dubai, December 8, 2013
Dubai Financial Market (DFM) has accredited ‘Al Dhabi Brokerage’ and ‘Securities and Investment Company UAE’ to provide margin trading.
With this, the DFM brokerage firms providing the service has now increased to 11, while the exchange is currently processing similar applications from other brokerage firms in collaboration with the Securities and Commodities Authority (SCA).
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. - TradeArabia News Service