NASDAQ Dubai gets regulatory nod for trading via DFM platform

The Dubai Financial Services Authority (DFSA) has given final approval for trading of NASDAQ Dubai’s listed equities through the trading platform of Dubai Financial Market, beginning Sunday (July 11, 2010).

NASDAQ Dubai said the move is part of an outsourcing strategy to increase trading volumes on the bourse and strengthen Dubai’s role as a centre of capital market activity.

Clearing, settlement and custody functions for NASDAQ Dubai equities will also migrate to DFM’s systems.