Dubai: The total traded value through smart phones at the Dubai Financial Market has reached Dh4.2 billion so far this year, the bourse said in a statement.
About 26 brokerages on DFM offer this service. ADIB Securities has been honoured as the most active brokerage company in 2016 in trading via smart phones. The company had conducted Dh1.7 billion worth smart phones transactions, which is 41 per cent of the total value of trading via smart phones on the market.
The total value of trading via smart phone applications was up 27.3 per cent to date this year, reaching Dh4.2 billion compared to Dh3.3 billion during the same period in 2015. It is expected to gain further momentum over the coming period as more brokerage firms provide this service with the full support of DFM.
DFM closely collaborates with brokerage firms to provide the service to their customers and actively encourages them to enable investors to trade anytime and anywhere as part of its “smart bourse” strategy.
