Swissquote Bank Limited, the Swiss digital bank, has enabled its customer base to trade securities listed on the Dubai Financial Market, starting today.
Swissquote, a provider of electronic financial services and advanced solutions in Switzerland, allows trading in a variety of asset classes, according to a press release.
Hamed Ali, CEO of the Dubai Financial Market and Nasdaq Dubai, said that the market is implementing an integrated plan to advance the experience of investors' access to the market to new heights by increasing the number of brokerage firms providing their services through digital channels.
Jacques Barakat, Chief Executive Officer of the Bank in the Middle East, said: “Giving our local and international clients direct access to the growing investment opportunities offered by the Dubai Financial Market is of strategic importance to our group and reflects our aspiration to further strengthen our presence in the UAE.
It is worth noting that the process of linking Swissquote to the direct trading service on the Dubai Financial Market was accomplished in cooperation with GTN ME-BHM Capital, noting that the direct trading service allows brokerage firms accredited in the market to authorize one of the global brokers to trade directly in the market through the direct trading mechanism of for the company.
With total assets held within the bank's digital platform of $50 billion, the bank is one of the best capitalized in Europe with a Tier 1 capital ratio of over 25 percent.
