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Mubasher trading exceeds $620m in March

Dubai, April 28, 2010

Mubasher Direct Broker for Financial Services has recorded a total turnover of Dh2.28 billion ($620.70 million) in total March trades at Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX).

Mubasher registered trades of Dh1.89 billion ($514 million) at DFM and Dh390 million ($106 million) at ADX (Abu Dhabi Securities Exchange), establishing it as the number one broker in the UAE equity markets, following five consecutive months of topping the DFM rankings since November 2009.

"We closed out in March 2010 being the number one broker on the UAE markets combined and we have been constantly topping the DFM rankings for the past five months,” said Ibrahim Abu Gharbieh, general manager for Mubasher.

“This is a testimony to the unique value proposition that Mubasher DBFS is known for, providing confidentiality, trust and anonymity to our clients, along with the strong personalized service provided by our relationship managers to active traders and high net-worth investors,” he added.

Mubasher has also announced that it will further enhance its existing trading platforms and launch alternative channels for order placing, which include Blackberry and iPhone applications that are set to launch sometime during the third quarter of the year. This is in addition to its online and dealing room service.

“Online trading technology is in the hands of most of the brokers in the UAE,” said Abu Gharbieh.

“So it is very important to keep enhancing the existing order placing channels and innovating new platforms that ensure usability, functionality and mobility to our clients. We always listen to what our clients request in terms of features in order to further make their trading experience seamless,” he concluded.

Mubasher DBFS is a subsidiary of Mubasher Financial Services that offers direct market access (DMA) to Middle Eastern and leading international stock markets through a single trading hub. – TradeArabia News Service




Tags: Dubai | DFM | equity | Mubasher | ADX | Direct Broker for Financial Services |

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