STP receives DFSA approval to provide prime brokerage services.
The move aims to cater to the needs of increasing HNWIs, and institutional investors.
The skyline of Dubai
STP, a
Dubai Financial Services Authority (DFSA)-licensed prime brokerage firm, has
announced the expansion of its services with local regulator's endorsement. The firm is
introducing a comprehensive suite of prime brokerage services to meet the
growing demand from high net-worth individuals (HNWIs), regional institutional
investors and family offices.
STP Meets the Rising
Demand for Prime Brokerage Services in UAE
The launch
of STP's new services comes amid a time of significant financial growth in the
United Arab Emirates (UAE). As the Dubai International Financial Centre (DIFC)
reported, assets under management saw a notable increase of 20% in 2022.
The UAE is
expected to lead the global attraction of private wealth over the next
half-decade, according to a report by Henley & Partners in 2022, adding an
estimated 4,000 millionaires to its economy. With over 55,000 HNWIs residing in
Dubai alone, STP aims to equip these wealthy individuals and mid-size
institutional investors with top-tier prime brokerage services.
Waleed Gheith, STP
"The
financial market growth in the UAE is creating significant prime brokerage
service demands," Anthony Hallside, the CEO of STP, explained. "We
are prepared to fulfill this need with our extensive service suite and expert
professional team."
Hallside
noted the industry's current challenges, such as escalating operating costs,
the need for digital integration, cybersecurity risks, and evolving market
trends. STP has designed a tailored prime broker solution to manage these
issues, offering first-rate functionality to manage both proprietary and end-client
assets.
STP Uses Advanced
Technology
The firm
leverages advanced trading platforms, algorithmic tools, and real-time market
data to equip clients with insightful investment decision data and stay ahead
in the rapidly changing financial landscape, shared Waleed Gheith, STP's
Director of Operations.
STP
provides execution, custody, and settlement services via globally recognized
tier 1 providers, foreign exchange, and lending across all major asset classes
at a significantly reduced cost.
Based in
the DIFC, STP offers a professional suite of services, which includes trade
execution, securities lending, custody, high-tech reporting, and fund distribution
services.
More Brokers Join MENA
A few months
ago, Plus500 (LON: PLUS) entered the lucrative markets in the Middle East by
obtaining a license from the DFSA. The company, listed in London, emphasized that
the newly acquired license presents a remarkable opportunity for growth. It
enables the broker to broaden its range of services and cater to customers in
the United Arab Emirates.
In the meantime,
Finance Magnates reported that Zenfinex, a London-headquartered FX and
CFDs broker, has gained a DFSA license to expand its services in the region. In
addition to obtaining licenses, the company welcomed several high-level
executives to its team; Alexander Kritiotis joined as the Chief Operating
Officer; Zahid Mahmood assumed the role of Chief Risk Officer; and Joe Tom
Nyama was appointed as Head of Africa.
Moreover, the DFSA released its new strategy for 2023-2024, focusing on better client protection. Fighting
financial crime is currently one of the main goals, which involves actively
supporting local authorities in their efforts to implement the Financial Action
Task Force (FATF) recommendations.
STP, a
Dubai Financial Services Authority (DFSA)-licensed prime brokerage firm, has
announced the expansion of its services with local regulator's endorsement. The firm is
introducing a comprehensive suite of prime brokerage services to meet the
growing demand from high net-worth individuals (HNWIs), regional institutional
investors and family offices.
STP Meets the Rising
Demand for Prime Brokerage Services in UAE
The launch
of STP's new services comes amid a time of significant financial growth in the
United Arab Emirates (UAE). As the Dubai International Financial Centre (DIFC)
reported, assets under management saw a notable increase of 20% in 2022.
The UAE is
expected to lead the global attraction of private wealth over the next
half-decade, according to a report by Henley & Partners in 2022, adding an
estimated 4,000 millionaires to its economy. With over 55,000 HNWIs residing in
Dubai alone, STP aims to equip these wealthy individuals and mid-size
institutional investors with top-tier prime brokerage services.
Waleed Gheith, STP
"The
financial market growth in the UAE is creating significant prime brokerage
service demands," Anthony Hallside, the CEO of STP, explained. "We
are prepared to fulfill this need with our extensive service suite and expert
professional team."
Hallside
noted the industry's current challenges, such as escalating operating costs,
the need for digital integration, cybersecurity risks, and evolving market
trends. STP has designed a tailored prime broker solution to manage these
issues, offering first-rate functionality to manage both proprietary and end-client
assets.
STP Uses Advanced
Technology
The firm
leverages advanced trading platforms, algorithmic tools, and real-time market
data to equip clients with insightful investment decision data and stay ahead
in the rapidly changing financial landscape, shared Waleed Gheith, STP's
Director of Operations.
STP
provides execution, custody, and settlement services via globally recognized
tier 1 providers, foreign exchange, and lending across all major asset classes
at a significantly reduced cost.
Based in
the DIFC, STP offers a professional suite of services, which includes trade
execution, securities lending, custody, high-tech reporting, and fund distribution
services.
More Brokers Join MENA
A few months
ago, Plus500 (LON: PLUS) entered the lucrative markets in the Middle East by
obtaining a license from the DFSA. The company, listed in London, emphasized that
the newly acquired license presents a remarkable opportunity for growth. It
enables the broker to broaden its range of services and cater to customers in
the United Arab Emirates.
In the meantime,
Finance Magnates reported that Zenfinex, a London-headquartered FX and
CFDs broker, has gained a DFSA license to expand its services in the region. In
addition to obtaining licenses, the company welcomed several high-level
executives to its team; Alexander Kritiotis joined as the Chief Operating
Officer; Zahid Mahmood assumed the role of Chief Risk Officer; and Joe Tom
Nyama was appointed as Head of Africa.
Moreover, the DFSA released its new strategy for 2023-2024, focusing on better client protection. Fighting
financial crime is currently one of the main goals, which involves actively
supporting local authorities in their efforts to implement the Financial Action
Task Force (FATF) recommendations.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
