Gold and currencies have proven more attractive propositions than languid stock markets for ADS Securities as the company has doubled trading volumes to as much as US$4 billion (Dh14.69bn) a day this year.
Since launching last year, ADS has increased its daily volumes of foreign exchange and bullion trades to between $3bn and $4bn per day - about double the amount registered in February.
"You felt the market needed a shock awake to get it back in the region," said Philippe Ghanem, the managing director of ADS. "ADS is like a constant shock to the market."
Since launching last year, ADS has increased its daily volumes of foreign exchange and bullion trades to between $3bn and $4bn per day - about double the amount registered in February.
"You felt the market needed a shock awake to get it back in the region," said Philippe Ghanem, the managing director of ADS. "ADS is like a constant shock to the market."
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