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DFM enrols “Pioneers Securities” and “Al Dhafra Financial Broker” to Margin Trading members

: Sunday, April 06 - 2014 @ 12:57

Dubai Financial Market (DFM) announced that “Pioneers Securities” and “Al Dhafra Financial Broker” have been accredited to provide Margin Trading, lifting the total number of DFM brokerage firms providing this service to 18 companies.

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:
Company
1 EFG-HERMES UAE BROKERAGE
2 Al Ramz Securities
3 Direct Broker For Financial Services
4 NBAD Securities
5 Finance House Securities Company
6 Al Ansari Financial Services
7 ADIB Securities
8 Mena Corp Financial Services
9 Vision Capital Brokerage Company
10 Al Dhabi Brokerage
11 Securities & Investment Company UAE
12 Naeem Shares and Bonds
13 Al Jazeera Financial Services
14 Awraq Islamic for Shares and Bonds
15 Al Dar Shares and Bonds
16 Daman Securities
17 Pioneers Securities
18 Al Dhafra Financial Broker

For further information, please contact:
Atef Fathy
Vice President- Head of Media & Public Relations
Dubai Financial Market
Tel: 04-3055334

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Sunday, April 6- 2014 @ 12:57 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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