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Dubai News

DFM enrols four new brokerage firms to accredited margin trading members

date

24-Mar-2014

Dubai: Dubai Financial Market (DFM) on Sunday announced that Al Jazeera Financial Services, Awraq Islamic for Shares and Bonds, Al Dar Shares and Bonds and Daman Securities have been accredited to provide Margin Trading, lifting the total number of DFM brokerage firms providing this service to 16 companies.


Since its introduction in 2012, the value of margin trading on DFM amounted to Dh48.5 billion, equivalent to 8.5 per cent of total trading value.


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. DFM is currently processing similar applications from other brokerage firms in collaboration with the Securities and Commodities Authority (SCA).


Margin Trading service providers on DFM.


 

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