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Daman Securities International becomes member of DIFX

PUBLISHED ON 13-Aug-2007
Daman Securities International becomes member of DIFX
The Dubai International Financial Exchange (DIFX) today welcomed Daman Securities International as a Member firm able to trade shares and other securities. Its arrival opens a new gateway for investors to reach the region’s international stock exchange.

Daman Securities International is located in the Dubai International Financial Centre (DIFC) and is owned by Daman Securities, one of the most prominent brokers in the UAE.

Shehab Gargash, Chief Executive of the Daman group, commented: “We are excited to become a Member of the region’s international exchange as it rapidly expands. Its diverse offering of issuer companies from the region and around the world, its high liquidity and its international standards of regulation provide a uniquely attractive platform.”

Per E. Larsson, Chief Executive of the DIFX, said: “By joining the DIFX, Daman has opened an important new channel for UAE and other investors to access the growing opportunities that the exchange provides. Daman’s arrival further integrates the DIFX with the local and regional financial services community.”

Daman Securities International has joined the DIFX as a trading Member.

Keith Reid, Director of Daman Securities International, commented: "We are delighted to announce our membership in the UAE's only internationally linked equity exchange. Daman is convinced that the path to long term growth lies in its participation on an international platform and that the DIFX represents the first such step for equities in the GCC region. We look forward to the continued development of DIFX links to trading and custodial services around the world."

Hamed Ali, Executive Officer of the DIFX, said: “Daman joins a growing list of financial services firms that are positioning themselves to benefit from the growth of activity on the exchange.

We look forward to more equity listings and structured products and in due course listings of other securities such as funds and derivatives.”

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