DFM Approves New Company to Provide Direct Market Access

Dubai Financial Market (DFM), the Arab Gulf’s only listed Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term, reported that it has accredited a new company to provide Direct Market Access (DMA) for global brokers. Accordingly, the number of DMA service providers will increase to 13 brokerage firms, said a bourse filing.

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Global for Shares & Bonds Company has been approved today by DFM to provide Direct Market Access (DMA) facilities in the Middle East’s largest financial centre.

Earlier last month, Dubai Financial Market reported a 60 percent drop in its Q2 2016 net profit as revenues fell to $27.3 million in the three months ending June 30.

As a DMA provider, Global for Shares & Bonds is allowed to to mandate a global broker to use its DMA access point to place buy and sell orders as some sort of electronic trading via the internet, allowing global brokers to directly trade on the market.

The DFM is regulated by the country’s main financial watchdog, the Securities and Commodities Authority (SCA). Both entities are in collaboration to process similar applications from other brokerage firms.

Earlier this month, Finance Magnates reported that the Nasdaq Dubai Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term will launch an equity futures market to trade single-stock futures on the shares of specific local companies. Apart from equity derivatives, Dubai exchanges offers local and global investors access to energy, currency, commodity futures and options.