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  Home | About DFM | Overview
19 Jun, 2013 6:58 AM |Closed
 
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Trading System
DFM operates on an automated screen-based trading system. Most of the world's major stock exchanges have moved in recent years to similar screen based trading systems. It offers a distinct advantage over traditional floor trading in terms of transparency, liquidity and trading of prices. DFM has worked with renowned international experts in the design of a trading system, which is fair, transparent and efficient, so that investors' interests are served and the economic objectives of the UAE are met.
 
The trading system is an order driven system, which matches buying and selling orders of the investors. Investors can place their orders with DFM accredited brokers, who enter these orders into the trading system. Then, the system automatically matches buy and sell orders of a particular security based on the price and quantity requirements.
 
The trading system also generates and displays details of current and historical trading activity, including prices, volumes traded and outstanding buy and sell orders. This ensures that investors have the required information to be able to take informed investment decisions.
 
Safeguarding the efficiency and integrity of trading, requires DFM to conduct regular monitoring and controlling market activity. Market Control Section monitors compliance with the trading rules and regulations of ESCA and DFM and helps to ensure that trading is conducted in an orderly manner.  Brokers Licensing and Inspection Section monitors brokers’ conduct to ensure integrity of the brokers' activities and that the best service is given to investors. Companies Listing and  Compliance Section strives to furnish investors with all the necessary data concerning issuers of listed securities in a timely manner and to co-ordinate with the Market Surveillance Section to forbid the use of inside information.
Trading Sessions

Trading sessions start from Sunday to Thursday (except public holidays in the UAE) as follow :

 
Pre-Openning Session
09:30 a.m. to 10:00 a.m.
Trading Session
10:00 a.m. to 02:00 p.m.
Closing
2:00 p.m.
 
 
Brokers Offices

All DFM accredited brokers have offices on the trading floor of DFM where they are provided with trading workstations and various facilities like telephone, fax and e-mail in order to communicate with their clients and execute their orders in an efficient manner.

 
Recording System

All telephone conversations which are conducted through DFM telephone lines are recorded. This ensures that DFM can retrieve any of these recordings in cases of disputes between investors and brokers or other parties.

 
 Trading Floor Services

Trading floor is open to investors during operating hours and provides facilities like large screens displaying real time trading data. Additional space is available in the visitors' gallery, which oversees the trading floor that contains computer terminals which can be used by investors to view the details of outstanding buy and sell orders. All DFM publications and bulletins are available on the trading floor. Investors also visit Investors Services Section, which would provide guidance and information on all areas related to DFM.