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DFM adds “Index Securities” to margin trading members

DFM adds “Index Securities” to margin trading members
Photo Credit: Arabianeye-Reuters
DFM
DFM
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Dubai - Mubasher: The Dubai Financial Market (DFM) announced on Monday that “Index Securities” has been accredited to provide the margin trading service on the bourse.

Accordingly, the number of DFM brokerage firms providing this service has increased to 30 companies, a statement by the bourse revealed.

Margin trading allows brokerage firms 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 Securities and Commodities Authority’s (SCA) license.

The DFM is currently processing similar applications from other brokerage firms in collaboration with SCA, it added.