Broker EFG Hermes Scores A First On Dubai Financial Market
{{#if alert}}
{{msg}}
{{/if}} {{#if confirm}}
{{msg}}
{{/if}} {{#if email}}
Please enter a valid destination email id
{{/if}}
Allocation account enables firms to use a combined account with clearinghouse in order to execute buy and sell on behalf of clients
Dubai: The Dubai Financial Market (DFM) said on Monday that EFG Hermes Brokerage has become the first member to provide the Allocation Account Service to its client base.
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 within 45 minutes from the end of the trading session, the bourse said in a statement.
The DFM launched the new service to reinforce its business framework for the benefit of various participants including; issuers, investors and brokerage firms, the statement added.
Company Performance
{{-CLOSE}}
{{-CHANGE_POINTS}}
{{-CHANGE_PERCENT}}(%)
As on
Money20/20 Middle East: Saudi Stock Market Value Surges To $2.67trn, CMA Chief Says
Saudi Arabia’s stock market approaching SR10tn ($2.67tn) in value as the CMA hosts Money20/20 Middle East Read more
HSBC Cashes In On Record HNWI Influx To UAE With Launch Of First Middle East Wealth Centre
HSBC has been expanding similar wealth hubs in China, Hong Kong, the UK, and more to serve clients who need multi-juris... Read more
Saudi Arabia Launches Google Pay
Saudi Central Bank launches Google Pay via mada, advancing Vision 2030 goals to boost digital payments, reduce cash rel... Read more
Next UAE Holiday Dates, Emirates ID Update, Dubai Tourism Boom And Real Estate Tax Analysis – 10 Things You Missed This Week
Catch up on the UAE’s biggest news this week — from new holidays and Emirates ID updates to Dubai tourism growth, r... Read more
UAE Credit Score: What Really Affects It? Experts Weigh In
Discover the hidden factors that could be silently destroying your UAE credit score – and the simple steps that could... Read more
Ajman New Professional Licences Up 37% In H1 2025 As New Investors Rise 24%
Ajman’s new professional licences surged 37 per cent in H1 2025, with new investors up 24 per cent and Ethiopia and S... Read more