Direct Broker for Financial Services (Mubasher), which provides e-financial solutions in the region, has been granted an e-trade licence by the UAE market regulator, becoming the first major firm to acquire such a licence.
The e-trade licence confirms that Mubasher has met all conditions stipulated by Securities and Commodities Authority (SCA), particularly in terms of security and real-time information feed.
The e-trade licence has also been part of Mubasher's strategy to enhance the company's reputation as the preferred online trading platform in the region. It also provides a significant boost to Mubasher's campaign of promoting online trading.
"The seal of approval as a legal entity approved by SCA validates our status as a quality-oriented organisation, and will give us greater flexibility to further improve the delivery of services to our valued customers in the UAE," said Mohammad Jamal, sales and marketing manager of Mubasher.
A number of factors have been considered by SCA in granting the licence. These include Mubasher being approved by Getronics Middle East, the leading provider of ICT services and solutions focusing on workspace management, application services and consulting.
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