The deadline for the introduction of a new trading settlement system passed yesterday with confusion surrounding how many brokers were ready to use it.
The lack of clarity over the delivery versus payment (DvP) system has led to concern among some traders over the UAE's chances of becoming listed as an emerging market.
"Most brokerages aren't ready for [DvP]," said Fathi ben Grira, the chief executive of Wafa Financial Services.
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