DIFC-based STP receives DFSA License to offer best-in-class prime brokerage services in the region

DIFC-based STP receives DFSA License to offer best-in-class prime brokerage services in the region

- STP to cater to the needs of a rising number of family offices, high net-worth individuals (HNWIs), and institutional investors in the region

DUBAI, UAE – STP, a leading prime brokerage firm licensed by the Dubai Financial Services Authority (DFSA), today announced that it has received the DFSA’s approval to offer a full suite of prime brokerage services to its clients as it caters to the needs of a rising number of family offices, high net-worth individuals (HNWIs), and institutional investors in the region.

Commenting on the launch, Anthony Hallside, CEO of STP, "We are delighted to receive the DFSA’s approval to offer prime brokerage services to our clients. This approval is a testament to our commitment to providing our clients with the highest quality services and the most competitive pricing. We are dedicated to enabling performance, growth, and leadership for our clients. Our prime brokerage solutions, rooted in our innovative approach, collaborative partnerships, and cutting-edge technology, are designed to meet their unique needs."

STP’s launch of prime brokerage services comes at a time of significant growth in the financial markets in the UAE. According to the Dubai International Financial Centre (DIFC), the total value of assets under management in the DIFC