PC: Business Wire
Aimed at Strengthening Regional Presence and Serving a Diverse Client Base.
Interactive Brokers, the leading electronic trading firm, today announced it’s entry to the Middle East by opening a new office in Dubai International Financial Center (DIFC). As part of the comprehensive strategy put forth by Interactive Brokers for efficient and cost-effective access to global markets, the company’s new office will enable it to provide brokerage services to clients in the region with even better efficiency.
Expansion of Services to Active Traders and Institutions
The new DIFC office will service a diversified client base that includes active traders, high net worth investors, and other wealth management institutions such as local banks, hedge funds, and family offices. These clients will benefit from Interactive Brokers’ cutting-edge technology in trading, competitive pricing, and the richest variety of investment products offered in the marketplace.
This office opening is supposed to aid Interactive Brokers in providing services that will enable participation in the global markets. The clients will benefit from the most powerful tools offered by the firm to allow the management of diversified portfolios and navigate global markets.
Approvals and Services
The office is established as a branch in DIFC and is regulated with a Category 4 licence issued by the Dubai Financial Services Authority (DFSA). DFSA is the independent authority responsible for regulating financial services activities within the DIFC. Against this regulatory environment, the office will provide interactive brokerage services provided by the UK branch of Interactive Brokers.
This will help Interactive Brokers offer a fantastic list of services from access to the brokerage to advanced trading platforms to its clients. The client will be able to trade across 150 global markets and invest in a range of assets, which can consist of stocks, options, futures, currencies, bonds, and funds. This will equip an investor with the power to fund and trade accounts in up to 27 different currencies, thus diversifying portfolios and reducing risks against political or economic uncertainties.
All-rounded Solutions for Wealth Management and Institutional Institutions
Interactive Brokers is offering a turnkey wealth management solution for financial advisors in the region. The system is designed to assist an advisor in streamlining operations and low-cost solutions for their clients. Meanwhile, this firm will provide family offices with direct access to global markets and advanced tools for trading. This way, portfolio managers can give full attention to asset management while taking advantage of a comprehensive suite of financial services.
Interactive Brokers is offering prime brokerage services throughout the region to its introducing brokers and hedge funds clients, providing trading, clearing, custody, and reporting solutions as part of an end-to-end service offering for the institution.
Deepening Global Footprint
Interactive Brokers’ new DIFC office is a major step in the company’s strategy to expand its global presence. By establishing a physical location in the Middle East, the company will tap into the growing demand for sophisticated financial services across the MENA region and neighbouring markets.
This expansion will further consolidate Interactive Brokers’ place as an important player in the global electronic trading arena by providing enhanced access to tools and resources needed for effective investment strategies by clients in the Middle East.
