Dubai: UAE’s fast diversifying financial services sector has led Abu Dhabi-based brokerage ADS Securities to invest in and develop a new trading platform that would allow it to tap into the high frequency traders segment.
With the HFT (high frequency trading) market growing in the region as more hedge funds and asset managers establish businesses and adopt sophisticated trading strategies, the brokerage saw an opportunity in supporting them by bringing trading business here and also, offering a local solution which supports them, said Philippe Ghnem, managing director and vice chairman of ADS Securities, in an interview with Gulf News.
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