Online trading platform Swissquote is now connected to the Dubai Financial Market (DFM), allowing clients to invest in and trade DFM-listed securities.
The platform is connected to the DFM through GTN Middle East and BHM Capital Financial Services’ direct market access route, and is expected to boost DFM-listed securities’ accessibility to investors outside the UAE.
Swissquote is a provider of online financial services granting its clients access to trade a range of asset classes including stocks, ETFs, funds, bonds, derivatives and more.
The company launched a cryptocurrency exchange called SQX earlier this month and previously partnered with Postfinance to launch digital banking app Yuh in mid-2021.
“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,”
said Jacques Barakat, CEO of Swissquote Middle East.
“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,”
said Hamed Ali, CEO of DFM and Nasdaq Dubai.
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