The UAE market regulator, the Emirates Securities and Commodities Authority (Esca) has approved the introduction of the market marker system along with three other new regulations including lending, borrowing and short-selling of securities, a move that may boost trading on the country’s stock markets and increase its chances of securing an upgrade by index compiler MSCI Inc.
The move was taken at Esca’s meeting chaired by Sultan Bin Saeed Al Mansouri, Minister of Economy and Esca Chairman.
Al Mansouri stressed the importance of market maker in supporting UAE’s financial markets — one of the main pillars of the national economy, as well as in maintaining market balance and helping attract more foreign investments.
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