The United Arab Emirates stock exchanges said market participants are now ready to use an upgraded trading system, meeting criteria for emerging market status for the nation within the MSCI Inc. (MSCI) index.
“As of today, members and custodians can execute trades based on this internationally acclaimed model” that “went live” on April 28, the Dubai Financial Market (DFM) PJSC said in an e-mailed statement.
The Abu Dhabi exchange fully implemented the new settlement system today, said a senior official at the bourse who declined to be identified because the matter hasn’t been made public.
A much needed uplift for the Dubai Trading Market.
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