July 28, 2013: Al Ramz Securities, one of the UAE's leading brokerage houses, has announced that it has received the ‘Retail Broker of the Month Award' for the month of June 2013 from NASDAQ Dubai.
The value of retail trade handled by Al Ramz for the said period topped USD 2.7 million to account for 32.11 per cent of the total value handled by NASDAQ Dubai members. The broker's achievement was displayed prominently at the iconic NASDAQ Tower in New York, New York, US.
NASDAQ Dubai's Retail Broker of the Month Award recognizes the member that is most active in trading on behalf of its retail clients on a monthly basis. Al Ramz has been a multiple recipient of the honor; it also topped retail trade at the Nasdaq Dubai exchange for two consecutive months last year (July and August). Al Ramz led retail trade in the UAE financial markets overall in 2012 and has consistently ranked among the top three brokers this 2013.
“Over half a million regional individual investors and thousands of institutional investors worldwide trade on NASDAQ Dubai so it is indeed an honor for Al Ramz to be once again named by the exchange as its top retail broker of the month. With confidence steadily returning to the local and regional markets, Al Ramz aims to facilitate reenergized trade as the next half of 2013 progresses,” said Mohammad Al Mortada Al Dandashi, Partner & Managing Director, Al Ramz Securities.
NASDAQ Dubai is a stock exchange in Dubai, UAE through which regional issuers can access regional and international investments. Its covered region includes the UAE and the rest of the Gulf Cooperation Council, the wider Middle East and North Africa, Turkey, and the Indian sub-continent. NASDAQ Dubai is located in the Dubai International Financial Centre financial free zone.
Al Ramz Securities is a member of the Abu Dhabi Securities Exchange (ADX), the Dubai Financial Market (DFM) and NASDAQ Dubai. It consistently ranks among the top brokerages on ADX and DFM. The Abu Dhabi -based company provides retail and institutional services via branches in Abu Dhabi, Al Ain and Dubai. Al Ramz is the first locally-based brokerage company licensed by the Emirates Securities and Commodities Authority to provide research and advisory services for customers and is authorized to trade outside of the UAE. Al Ramz also provides Margin Trading services for its customers.