In a first step of its kind amongst regional markets, Dubai Financial Market (DFM) today launched the Allocation Account mechanism as part of its continuous efforts to create the mechanisms and services that support the trading activity of various market participants. The Allocation Account enables brokerage firms to use a combined account with the clearinghouse in order to execute buy and sell transactions of securities on behalf of their clients, provided that such transactions shall be allocated to the clients' accounts during the allocation period.
read more...↧