Dubai Financial Market (DFM) today announced that Arab German International Broker (AGIB) has been accredited to carry out margin trading . AGIB is the first DFM brokerage firm to accomplish this significant step and the exchange is currently processing similar applications from other brokerage firms in collaboration with the UAE Securities and Commodities Authority (SCA).
The SCA earlier issued a license to AGIB to practice margin trading. Margin trading allows brokerage companies to fund a percentage of the market value of securities traded, secured as collateral by the same securities or any other collateral as required by the SCA’s license.
