Online trading boom

UAE-based brokerage services firm Emirates Securities is celebrating its 20th year of existence by plotting expansion into some of the region’s emerging securities markets.

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By  Stuart Wilson Published  November 18, 2006

UAE-based brokerage services firm Emirates Securities is celebrating its 20th year of existence by plotting expansion into some of the region’s emerging securities markets. The company, which already has branches in Abu Dhabi, Dubai and Sharjah, is tempted by the prospect of opening up elsewhere in the Middle East. With online trading continuing to grow in the region and Emirates Securities at the top of its game, regional expansion appears to be a logical step. “We are looking at markets which are either open for foreign brokerage firms or are opening up, such as Jordan and Egypt. Saudi Arabia is just opening up too,” explains Mohammed Ali Yasin, managing director at Emirates Securities. “Being part of SHUAA Capital will hopefully cut a lot of the processing time to becoming authorised or licensed on these markets because it is already wellknown as a regional investment company.” “We hope to have more than one branch in some of the leading markets in the Arab world within the next year,” he continues. Regional expansion plans will be put to one side during GITEX this week though as Emirates Securities sets about the task of wooing show visitors with its new cutting-edge voice recognition trading solution.

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