Nasdaq Dubai Secures Al Ramz Capital as the Third Market Maker
- As a market maker on Nasdaq Dubai, Al Ramz Capital will offer simultaneous bid and offer prices in selected securities.
UAE-based brokerage Al Ramz Capital LLC, a subsidiary of Al Ramz Corporation Investment & Development, has joined Nasdaq Dubai to provide market making services on the Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, which lists regional and international shares in the Middle East.
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As the third market maker on Nasdaq Dubai, Al Ramz Capital will offer simultaneous bid and offer prices in selected securities listed on Nasdaq Dubai as part of its market making services. The agreement intends to further strengthen Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term, pricing, and trading services offered to the bourse’s investors. The company will initially focus on market making in DP World and Etisalat futures, while further securities to be added in the near future.
As an expanding and liquid exchange with a broad international investor base, Nasdaq Dubai provides attractive opportunities to make markets in a variety of securities. The market currently consists of single stock futures on contracts on nine leading UAE-listed companies: Emaar Properties, DXB Entertainments, Abu Dhabi Commercial Bank, Aldar Properties, Arabtec Holding, DP World, Dubai Islamic Bank, Etisalat and Union Properties.
Hamed Ali, Chief Executive of Nasdaq Dubai, said: “Al Ramz Capital has brought impressive financial expertise and experience to the UAE’s capital markets for many years and its market making activity on Nasdaq Dubai will benefit all participants, by facilitating further trading activity. Opportunities for market making will increase as the exchange adds more securities, including further equity listings as well as equity indices and equity options.”
Galen Moore, Head of Market Making and Liquidity at Al Ramz Capital, added: "We are very pleased to add the Nasdaq Dubai Market Making Licence to our business. Not only will we have the ability to serve our clients who require greater liquidity and transparency in the trading of their underlying shares but will increase the scope of our business to include futures and options. This shows that Al Ramz is committed to being at the forefront of the growth and development of the capital markets in the UAE and this licence demonstrates the maturity of this market.”
UAE-based brokerage Al Ramz Capital LLC, a subsidiary of Al Ramz Corporation Investment & Development, has joined Nasdaq Dubai to provide market making services on the Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, which lists regional and international shares in the Middle East.
To unlock the Asian market, register now to the iFX EXPO in Hong Kong
As the third market maker on Nasdaq Dubai, Al Ramz Capital will offer simultaneous bid and offer prices in selected securities listed on Nasdaq Dubai as part of its market making services. The agreement intends to further strengthen Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term, pricing, and trading services offered to the bourse’s investors. The company will initially focus on market making in DP World and Etisalat futures, while further securities to be added in the near future.
As an expanding and liquid exchange with a broad international investor base, Nasdaq Dubai provides attractive opportunities to make markets in a variety of securities. The market currently consists of single stock futures on contracts on nine leading UAE-listed companies: Emaar Properties, DXB Entertainments, Abu Dhabi Commercial Bank, Aldar Properties, Arabtec Holding, DP World, Dubai Islamic Bank, Etisalat and Union Properties.
Hamed Ali, Chief Executive of Nasdaq Dubai, said: “Al Ramz Capital has brought impressive financial expertise and experience to the UAE’s capital markets for many years and its market making activity on Nasdaq Dubai will benefit all participants, by facilitating further trading activity. Opportunities for market making will increase as the exchange adds more securities, including further equity listings as well as equity indices and equity options.”
Galen Moore, Head of Market Making and Liquidity at Al Ramz Capital, added: "We are very pleased to add the Nasdaq Dubai Market Making Licence to our business. Not only will we have the ability to serve our clients who require greater liquidity and transparency in the trading of their underlying shares but will increase the scope of our business to include futures and options. This shows that Al Ramz is committed to being at the forefront of the growth and development of the capital markets in the UAE and this licence demonstrates the maturity of this market.”