SHUAA Capital Reinforces its Position as Most Active Market Maker and Liquidity Provider in UAE Following DEPA Appointment
Following the recent appointment of SHUAA Capital International Ltd (SCIL) a subsidiary of SHUAA Resources (SHUAA) as Liquidity Company by Depa Limited (" Depa"), the leading global interior solutions group, SHUAA additionally reinforces its placement as UAE's most active and skilled liquidity provider and Market Manufacturer for detailed equities and futures.
SHUAA traces its very first market making activities back to 2007, and has actually been supplying this extremely specialized service in an orderly and sensible way, tactically helping illiquid stocks get traction. SHUAA has been actively working together with the nation's capital markets individuals consisting of the Exchanges and the various Regulators, in the direction of helping expand and increase the total economic field landscape as it seeks to evolve. In 2016, SHUAA aided Nasdaq Dubai to release its single-stock futures market as starting Market Manufacturer. During 2017, both the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) granted SHUAA licenses to work as a Market Maker and Liquidity Supplier in order to help companies in keeping a liquid and orderly market in their respective stock listings.
Magdi Shannon, Head of Trading at SHUAA, said: "When we launched our market making business, we set a target to end up being the greatest Market Manufacturer and Liquidity Company in the Middle East on behalf of the expansionary plans of the region's capital markets. I think we are well placed to accomplish that target, having already end up being the significant player in the UAE for this solution. We now give liquidity to all solitary stock futures on Nasdaq Dubai, where we eagerly anticipate seeing other market manufacturers join the success story and aid expand the market, and the majority of all major equity listings on the Exchange. We eagerly anticipate collaborating with the ADX and the DFM provided issuers."
Fawad Tariq Khan, Chief Executive Officer of SHUAA Capital said: "Need for liquidity arrangement solutions is growing and at SHUAA, we have actually placed ourselves as a leader here. We are happy to be the company of choice for Depa, and all other detailed equities and Futures, and we look forward to playing a key role in supporting liquidity degrees. We are likewise looking to expand this sophisticated service for various other markets in the region."
With its market making and liquidity provision services, SHUAA helps to keep tight spreads, increase trading volumes, decrease transaction prices and reduced volatility, minimizing the total liquidity danger discount rate to the cost of listed shares of issuers.
