DFM accredits Bahrain’s Sico as market maker | GulfNews.com:
Sico BSC, the Bahrain-based investment management firm, has been accredited to provide liquidity and act as market maker for companies listed on Dubai Financial Market (DFM), it said on Monday.
The company said in a statement that the move would help create more “dynamic two-way markets that will enhance the liquidity of companies listed on the exchange.”
The accreditation builds on Sico’s status as the leading market-maker on the Bahrain Bourse since 1995, reinforcing its position as a pioneer and key player in GCC financial markets. It also follows the admission of Sico as the first non-UAE based registered market maker and liquidity provider at the Abu Dhabi Securities Exchange (ADX) last month.
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