STP receives DFSA approval to provide prime brokerage services.
The move aims to cater to the needs of increasing HNWIs, and institutional investors.
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.
"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.
"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.
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔