Another big news coming out today from Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, Deputy Ruler of Dubai and Deputy Prime Minister and Minister of Finance. Surely this is another positive move to boost the financial markets in UAE. I think Dubai Financial Market will sure benefit from it. Its very good time to invest in Dubai dont miss it. #investindubai
WHAT IS XCUBE?
xCube plans to develop and adopt state-of-the-art algorithms and technology to perform market making activities and high-frequency trading on both cash equities and derivatives listed on local markets.
“Both retail investors and institutional investors will benefit from the improved spreads and the lower volatility that often results from market makers playing an active role in markets,” said Essa Kazim, Governor of Dubai International Financial Centre and Chairman of the Board of xCube. “By bringing the latest technologies and know-how in market making to the local markets, we anticipate renewed interest from investors both locally and globally.”
Credits : Gulf News
Credits : Gulf News
If you still didnt open a account with Dubai Financial Market click here
For regular updates on UAE stock markets and to watch my full videos click here
