Monday 18, July 2016

Dubai – MENA Herald: Dubai Financial Market (DFM) today announced that “Union Brokerage Company” has been accredited to provide Margin Trading service, lifting the total number of DFM brokerage firms providing this service to 33 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).