Cairo and Dubai – Mubasher: Beltone Market Maker, a subsidiary of Egypt’s investment bank Beltone Financial Holding, has joined Nasdaq Dubai as a member and will provide market making services on the region’s international exchange, according to a company statement.
Beltone Market Maker will offer simultaneous bid and offer prices in selected securities listed on Nasdaq Dubai as part of its market making services, to support liquidity, attractive pricing, and active trading by investors. It will initially focus on market making in equities, the company added.
“As an expanding and liquid exchange with a broad international investor base, Nasdaq Dubai provides attractive opportunities to make markets in a variety of securities,” said Aladdin Saba, chairman of Beltone Financial.
For his part, Hamed Ali, CEO of Nasdaq Dubai stated that Beltone Market Maker’s arrival as a member on Nasdaq Dubai underlines the expansion of capital markets cooperation that is underway between the UAE and Egypt as well as across the region.
