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Deal seals SHUAA's position as most active market maker.

Summary: SHUAA has been actively working alongside the country's capital markets participants including the exchanges and regulators

Staff Report

Dubai: Shuaa Capital said on Thursday it has further strengthened its position as UAE's most active and experienced liquidity provider and market maker for listed equities and futures.

The announcement follows the recent appointment as liquidity provider of SHUAA Capital International, a subsidiary of SHUAA Capital, by Depa - the leading global interior solutions group.

SHUAA traces its first market making activities back to 2007, and has been providing this highly specialised service, strategically helping illiquid stocks gain traction. SHUAA has been actively working alongside the country's capital markets participants including the exchanges and the various regulators, helping to grow and expand the overall financial sector landscape as it seeks to evolve.

In 2016, SHUAA helped Nasdaq Dubai to launch its single-stock futures market as founding market maker.

During 2017, both the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) awarded SHUAA licences to act as a market naker and liquidity provider in order to assist issuers in maintaining a liquid and orderly market in their respective stock listings.

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Publication:Gulf News (United Arab Emirates)
Geographic Code:7UNIT
Date:Feb 1, 2018
Words:206
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