Dubai - MENA Herald: Dubai Financial Market (DFM) today announced that “International Financial Brokerage” has been accredited to provide Margin Trading service, lifting the total number of DFM brokerage firms providing this service to 32 companies.
The total value of Margin Trading reached to AED 58.3 billion representing 19.26% of the market’s total trading value during 2015 and number of Margin Trading transactions reached to 534,952 in the same year. 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.
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 | ADCB Securities L.L.C |
| 11 | Securities & Investment Company UAE |
| 12 | Naeem Shares and Bonds |
| 13 | Mawarid Securities |
| 14 | Awraq Islamic for Shares and Bonds |
| 15 | Al Dar Shares and Bonds |
| 16 | Daman Securities |
| 17 | Pioneers Securities |
| 18 | Al Dhafra Financial Broker |
| 19 | Delma Brokerage |
| 20 | AL Safwa Islamic Financial Services |
| 21 | Global For Shares & Bonds |
| 22 | Al Fardan Financial Services |
| 23 | Al Brooge Securities |
| 24 | Al-Sharhan Stock Center |
| 25 | “Al Hadaf Financial Securities” |
| 26 | Brokerage House Securities |
| 27 | First Gulf Financial Services |
| 28 | Fujairah Shares & Bonds |
| 29 | Al Wathbah Shares & Bonds Center |
| 30 | Index Securities |
| 31 | Al Fajer Securities |
| 32 | International Financial Brokerage |