ADS Securities sees Ramadan volumes up 75pc
Abu Dhabi, September 8, 2011
Abu Dhabi-based forex and commodities trading firm ADS Securities has reported a 75 per cent rise in trading volumes during Ramadan, compared with July.
The increase was driven by new clients joining the platform and was supported by strong regional and international growth, the company said in a statement.
The significant rise in volumes, during a time, which is normally considered slow for business in the region, was largely driven by European and Asian clients signing up with ADS Securities and taking advantage of dynamic market conditions, it added.
Philippe Ghanem, managing director of ADS Securities said: 'We had expected Ramadan to be quiet but clients both from the region and across the world responded to the opportunity to gain from forex and commodity trading.'
'At a time when traditional investments like equities are under a lot of pressure, many institutional and HNW traders see forex and commodities as asset classes that can meet their investment objectives.'
'For us, it is significant that many international investors have seen the prices and the quality of services we offer and are switching to our ADS Trader platform,' he added.
ADS Securities, he said, provides on and offline trading of forex and commodities.
'Working with some of the world’s largest and best known liquidity providers, the company offers clients market leading prices and spreads,' Ghanem explained.
From its Abu Dhabi headquarters, the company's multicultural teams manage clients in all the main global markets.
“We have been operational since March this year and expect significant month on month increases in our trading volumes, but to have achieved such an increase through Ramadan is extremely satisfying,' said Ghanem.
'It shows that professional and high net-worth traders from around the world have assessed our offer and want to trade with us. The volume of trading also reflects the volatile nature of the markets, which has allowed traders to execute aggressive investment strategies,' he added.-TradeArabia News Service