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The Dubai International Financial Exchange (DIFX) held a seminar on Wednesday for brokers, to explain how retail investors in the United Arab Emirates (UAE) can easily trade securities on the DIFX.
Nasser Alshaali, Chief Operating Officer of the DIFX, said: “Ordinary retail investors can route trades on the DIFX through a UAE broker that has an appropriate relationship with a DIFX Member.”
Prominent brokers attended the event including DIFX Members and UAE brokers that are not Members.
Seif Fikry, head of EFG-Hermes Brokerage (UAE) said: “As a UAE broker, we are regulated by the Emirates Securities and Commodities Authority (ESCA). We are able to trade DIFX securities for retail investors through another subsidiary of the EFG-Hermes group, which is a DIFX Member. We are pleased to be in a position to offer participation in this exciting exchange to a broader base of investors”.
The DIFX, the region’s international exchange, has attracted 22 listed securities since it opened in September 2005. Companies listed include Albaraka Banking Group, Fortune Management, Kingdom Hotel Investments and Gold Fields.
Mr. Alshaali said: “The DIFX has been established according to international standards to attract a wide variety of investor, both wholesale and retail. Its regulations are designed to facilitate access by them to DIFX securities.”
The regulator of the DIFX is the Dubai Financial Services Authority.
