Mashreq first to Join DIFX from UAE
Dubai, November 13, 2008
Mashreq Securities became the first member to join the Dubai International Financial Exchange (DIFX) from the jurisdiction of the UAE, in a move which paves the way to the exchange for UAE retail investors.
'The DIFX offers investors an exciting range of listed local and international companies, and we are delighted about the prospect of helping investors diversify their portfolio, while adding depth, stability as well as sophistication to our regional financial markets,' stated Khaled Kurdieh, chief executive of Mashreq Securities.
“Mashreq Securities will now be able to transact and manage customer relationship through one single platform, with utmost efficiency, speed, and privacy,” he added.
“The arrival of the UAE broking arm of one of the country’s leading banks is a landmark for the exchange, as we strengthen our links with UAE investors. Joining from the UAE provides simple and straightforward access to the DIFX market,” said Jeff Singer, chief executive of the DIFX.
“At Mashreq Securities we strive to enhance the access of our retail and institutional investors by offering advanced and convenient platforms. “We look forward to serving as an effective and direct channel for retail investors into the DIFX,” Kurdieh added.
In addition to the UAE, the jurisdictions from which firms may join the DIFX as members are the DIFC, Germany, the Irish Republic, the Netherlands, Switzerland and the UK.-TradeArabia News Service