ABU DHABI: FH Securities, a subsidiary of Finance House, has been granted the final approval to offer margin trading facilities to its clients in the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) by Emirates’ Securities and Commodities Authority (SCA).
Being one of only 5 companies licensed by SCA, out of 50 brokerage companies operating in the UAE market, the license permits FH Securities clients to request funding to buy stocks under a Margin Account. Commenting on the newly obtained license, Ayman Al Khatib, GM of FH Securities said: “The obtained license is the result of hard work and complete coordination with (ADX) and (DFM) under the supervision of (SCA).
This will help us enrich our clients experience in the equity trading market and offer them the opportunity to increase their trading volumes and profits”. “The margin trading facility will also help increase the overall market trading volumes, which comes in the right time as we are witnessing an increase in daily trading volumes which is a further sign of market recovery”, continued Al Khatib.