Menacorp breathes new life into Abu Dhabi’s once-buzzing trading floor | The National:
"A UAE-based brokerage firm has opened up shop at the Abu Dhabi Securities Exchange, reversing a trend of closures since the global financial crisis as companies sought to cut costs.
Menacorp, the country’s biggest stockbroking firm by traded value, said it had leased a booth on the trading floor of the exchange, to serve its client base.
The booths of the exchange once buzzed with the urgent chatter of brokers as traders launched their buy and sell orders via paper aeroplanes over the heads of rival investors jamming the trading room floor. But over the past five years the number of brokerages in operation halved to just under 50, leaving many of the booths of the Abu Dhabi Securities Exchange (ADX) General Index vacated with their lights turned off."
'via Blog this'
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