Headquartered in Abu Dhabi, Al Ramz Securities' leading research capabilities and in-depth knowledge of the regionâs markets and stocks form the basis of its brokerage and online investment services. These services are available to retail investors across the UAE through its branches in Abu Dhabi, Dubai and Al Ain, as well as to a growing institutional investor base across the region. A member of the Abu Dhabi Securities Exchange (ADX), Dubai Financial Markets (DFM) and NASDAQ Dubai, Al Ramz now provides that local understanding, combined with access to the UAEâs major equity exchanges, to members of Fidessa's global FIX connectivity network. Al Ramz also offers investment services managed in accordance with Islamic law, extending the options available to network members in this rapidly growing investment sector.
Abdul Hadi Al Sadi, Chief Operating Officer for Al Ramz Securities, said: "Fidessa's connectivity network combines unrivalled international reach with proven reliability and stability. Joining the network is an important step towards achieving our broader aim to become a leading provider of a diversified range of Gulf equity products and services to the local and international trading community."
Simon McDowell, managing director for connectivity at Fidessa, commented: "We have signed a number of brokers in the UAE and wider Middle East region and continue to see increased interest in our product set as market participants look to put in place the right infrastructure to offer electronic trading services to regional and global clients. In this highly competitive market-place, the Fidessa network offers a further and important source of differentiation to Al Ramz. At the same time the networkâs community of connected brokers and buy-sides now gains access to the UAEâs most important exchanges through one of the regionâs leading brokerage houses."
Fidessa's connectivity network is one of the world's largest and most diverse trading communities, linking more than 2,400 buy-side institutions to more than 550 brokers and 140-plus markets across Europe, the Middle East, Asia Pacific and the Americas. The network now carries executed order flow of around US$700 billion each month.