Dubai Financial Market Achieves An Impressive Leap In E-Trading During 2009 - Electronic Trade Constitutes Two Thirds Of The Exchange’s Activity With 67.4% Of Buy Trades And 70.7% Of Sell Trades

Dubai Financial Market (DFM) announced today that its online trade service (E-Trading) registered an impressive growth in 2009, as it continues to gain momentum amongst investors and brokers. E-trading accounted for over two thirds of trading activity in 2009 compared to almost half of the exchange’s trading in 2008, according to DFM statistics.

E-Trading buy trades accounted for 67.4% of the total buy value in 2009 compared to 49.8% in 2008, while electronic sell trades accounted for 70.7% of the total value in 2009 compared to 53.2% In 2008. The total value of electronic buy trades reached AED 117.06 billion in 2009, while sell trades value reached AED 122.6 Billion. DFM’s total trading value stood at AED 173.5 Billion in 2009.

The top five active brokerage firms utilizing E-Trading in 2009 include: Direct Broker for Financial Services (AED 17.2 Billion), EFG-HERMES Brokerage (AED 14.9 Billion), MASHREQ Securities (AED 12.9 Billion), Abu Dhabi Financial Services (AED 11.9 Billion) and Islamic Financial Services (AED 11.4 Billion).

Hassan Abdulrahman Al Serkal, Chief Operations Officer, Dubai Financial Market said: “We are delighted to announce these encouraging statistics which indicates the evolving shift towards electronic trading as an effective and reliable tool for investors and brokers. DFM has always been committed to encouraging market participants to shift to E-Trading by providing the necessary technical support to encourage brokerage firms to expand and optimize these tools”.

E-Trading on DFM 2008-2009

Top 5 E-Trading Brokers 2009