Interactive Brokers has connected with two United Arab Emirates (UAE) exchanges to launch a new equities offering for the region.
Specifically, the move will provide Interactive Brokers’ clients with market access to the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM).
The expansion aims to allow investors in the UAE to trade across local and international markets through a single platform, as well as enabling global clients to enhance their portfolios with a diverse range of asset classes and geographies.
Milan Galik, chief executive of Interactive Brokers, said: “As market participants seek to uncover new investment opportunities around the world, adding UAE equities offers both local and international investors access to the economic growth afforded by this dynamic region, alongside products from over 160 other global markets on the same platform.”
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Interactive Brokers clients will be able to commence trading of UAE equities immediately through their accounts.
Currently, the firm enables account funding and trading across 28 currencies, including AED, and connects with more than 160 global exchanges through its single unified platform.
In recent months, Interactive Brokers has increasingly enhanced its footprint in the Middle East. In July, the firm announced a collaboration with HSBC, to deliver a new trading solution to provide a single platform to trade assets in the UAE.