Swissquote Places DFM’s Listed Securities on the Radar of Its Clients

As part of its constant efforts to boost market accessibility for greater numbers of international investors, Dubai Financial Market (DFM) welcomed Swissquote Bank Ltd, Switzerland's leading online Bank, endeavor to allow its clients' access to DFM listed securities from October 25th, 2022.

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Swissquote Bank is the leading Swiss provider of online financial services granting its clients access to trade an extensive range of asset classes that includes stocks, ETFs, funds, bonds, derivatives, cryptocurrencies and more. Swissquote's AUC stand at over US$ 50 billion. With a Tier 1 ratio of over 25 percent, the bank is one of the best-capitalized banks in Europe.

Commenting on this significant approach, Hamed Ali, CEO of DFM and Nasdaq Dubai said: "We are pleased to have Swissquote Bank connecting to DFM's ecosystem as part of our efforts to strengthen our leadership in capital markets' digital transformation. We are actively implementing a wide-ranging plan to take market accessibility to new pinnacles by increasing the number of technology-driven members capable to provide investors with multiple value-added services and to attract new investors to join our growing investor base."

Jacques Barakat, CEO of Swissquote Middle East added: "Given our local and international client base, providing direct access to the growing investment opportunities that the Dubai Financial Market offers is of strategic importance for our group and demonstrates our ambition to expand further our presence in the UAE."

Swissquote is connecting to the DFM through the Direct Market Access (DMA) Route of GTNME-BHM Capital, noting that the DMA enables DFM-licensed brokerage companies to mandate a global broker to use its DMA access point to directly trade on the market.