Tuesday 16 August 2011

Abu Dhabi brokerage sees great potential in Russia | Al Bawaba

A team from ADS Securities, the Abu Dhabi-based brokerage and trade services provider, is in Moscow attending ACI Russia Dealer’s Day, a high-profile event that brings together FX and financial services professionals in the Russian capital. ADS Securities, which recently launched USD/RUB products on its ADSS Trader platform, is confident that Russia will become another important international market for its FX offerings.

The Dealer’s Day is an annual invitation-only event organized by ACI Russia and the Moscow International Currency Association (MICA) on the anniversary of the Russian currency default in 1998.

Mahmood Ebraheem Al Mahmood, Chairman of ADS Securities said: “Russia is one of the most exciting financial markets in Europe and a key target for us. We believe that ADS Securities’ offer of platform, prices and service will be of great interest to Russian institutional, high-net-worth and professional traders. Moscow falls in the same time zone as Abu Dhabi, so they can benefit from our ability to provide liquidity and a strong market during the period between the close of Far East markets and the opening of European markets. Our mix of world class prices, deep liquidity and on and offline trading is a very compelling proposition.”

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