Dubai Financial Market (DFM) honored five of its licensed brokerage firms for providing their customers with trading via smart phone applications in 2017, lifting the number of firms that offer this service on DFM to 28 brokerages. DFM closely collaborates with brokerage firms to provide the service to their customers and actively encourages them to enable investors to trade anytime and anywhere as part of its “Smart Borse” strategy, in line with the vision and directions of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister, and Ruler of Dubai.
Representatives of the brokerage companies received trophies from Hassan Al Serkal, Chief Operating Officer (COO), DFM, during the exchange’s participation in GITEX Technology Week 2017. The list of honored companies included: Delma Brokerage, Al Dar Shares and Bonds, Mashreq Securities, Dubai Islamic Financial Services Company. In addition, ADIB Securities has been honored as the most active brokerage company in 2017, trading via smart phones category.
The total value of trading via smart phone applications was up 95% year to date 2017 reaching AED 8.2 billion compared to AED 4.2 billion during the same period of 2016. It is expected to gain further momentum over the coming period as more brokerage firms provide this service with the full support of DFM.
