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Orion Brokers DMCC to be the first local broker to connect to Eurex out of the UAE

United Arab Emirates: Tuesday, June 03 - 2008 @ 13:44

Orion Brokers is the first local broker to be connected by Eurex from the United Arab Emirates (UAE) directly to its Dubai Access Point.

Mohamed Hafez Khalil, CEO of Orion Holding Overseas says, “This is yet another addition to a continually expanding global podium, Orion Web-trader is a MENA focused fully electronic platform that provides MENA investors access through its exclusive network, to regional and global markets. This facility opens up new investment and diversification opportunities for our customers.”

Younes Ouarzazi, Deputy General Manager of Orion Brokers DMCC, added, “Dubai is the city of business challenges and opportunities, and Orion Brokers DMCC has set its vision to bring these opportunities through our products to the forefront of its investment platform. We are bringing once more International markets to investors to be a click away from their fingertips, and this has occurred through a business partnership with a reputable international exchange such as EUREX.”

“We are very pleased to welcome the first local broker from the UAE”, says Michael Peters, member of the Eurex board.

“Participants from the United Arab Emirates have access to our entire product suite. We see increasing interest in our broad range of international benchmark products coming from a fast growing region like the UAE and we are very pleased about this development.”

Orion Brokers DMCC is a DFSA recognized institution, a broker/clearing member of the Dubai Gold & Commodities Exchange (DGCX) and an Off- Floor Member of the Dubai Mercantile Exchange Limited (DME).

Orion Brokers DMCC, which is a member of Orion Holding Overseas S.A., is regulated by Emirates Securities and Commodities Authority (ESCA).

Eurex received regulatory approval for its product suite from the Dubai Financial Services Authority (DFSA) at the end of March 2007 and from the Emirates Securities & Commodities Authority in November 2006.

The local Access Point in Dubai has been up-and-running since beginning of May 2007.

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Tuesday, June 3- 2008 @ 13:44 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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