Dubai Financial Market Company Unveils Two New Business Entities

Dubai Financial Market Company Unveils Two New Business Entities

Dubai Financial Market Company Unveils Two New Business Entities. The Dubai Finance Market (DFM) Company launched two new business entities that will transform post-trade services in the UAE and provide more protection to the investors.. The Dubai Clear, and Dubai CSD (central securities depository) were unveiled shortly after the live-streaming of the stock exchange's first virtual bell-ringing ceremony.. The DFM also serves as a clearing house and depository for the stocks and bonds that are listed and traded on the emirate's stock exchange and Dubai Clear will now be a clearing house for equities , while CSD will provide central securities depository services, the statement added.. Dubai Clear will provide the central counterparty (CCP) function, making it the first fully operational independent CCP company for equities in the region.. Sultan bin Saeed Al Mansoori, Minister of Economy and chairman of SCA, said the launch is a significant step towards implementing a roadmap for upgrading the UAE financial markets to advanced market status..