Global Arab Network | UAE - Direct Broker for Financial Services turnover exceeds USD 600 million in March

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UAE - Direct Broker for Financial Services turnover exceeds USD 600 million in March

Tuesday, 27 April 2010 11:02

Mubasher DBFS has announced that it has established itself as the number one broker in the UAE equity markets, accentuated by the March 2010 rankings of DFM (Dubai Financial Market) that showed the company as number one with a total turnover of over AED 1.89 billion along with ADX (Abu Dhabi Securities Exchange) rankings showing the company executing AED 390 million in trades.

Mubasher DBFS further revealed that this strong performance in both markets helped establish the company as the number one broker in the entire UAE during March 2010, following five consecutive months of topping the DFM rankings since November 2009.
Ibrahim Abu Gharbieh, General Manager for Mubasher DBFS, said: "We closed out in March 2010 being the number one broker on the UAE markets combined and we have been constantly topping the DFM rankings for the past five months. This is a testimony to the unique value proposition that Mubasher DBFS is known for, providing confidentiality, trust and anonymity to our clients, along with the strong personalized service provided by our relationship managers to active traders and high net-worth investors."

Mubasher DBFS has also announced that it will further enhance its existing trading platforms and launch alternative channels for order placing, which include Blackberry and iPhone applications that are set to launch sometime during the third quarter of the year. This is in addition to its excellent online and dealing room service.

"Online trading technology is in the hands of most of the brokers in the UAE," said Abu Gharbieh. "So it is very important to keep enhancing the existing order placing channels and innovating new platforms that ensure usability, functionality and mobility to our clients. We always listen to what our clients request in terms of features in order to further make their trading experience seamless." Mubasher DBFS is a subsidiary of "Mubasher Financial Services" that offers direct market access (DMA) to Middle Eastern and leading International stock markets through a single trading hub.

Global Arab Network

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