The Dubai Financial Market(DFM) introduced a major reform to its trading rules yesterday as the crisis in liquidity closed yet another brokerage.
The bourse accredited two companies - EFG-Hermes and Arab German International Broker - to offer margin trading for the first time, a move that could dramatically increase trading volume because it allows investors to leverage their cash into much larger trading positions.
The exchange is also processing "similar applications from other brokerage firms" in collaboration with the regulator, the DFM said yesterday.
No comments:
Post a Comment