DFM sees 27% rise in trading value via smart phone applications

Dubai – Mubasher: The total value of trading via smart phone applications rose by 27.3% year to date 2016 to AED 4.2 billion, versus AED 3.3 billion during the same period of 2015, a statement released by the Dubai Financial Market (DFM) on Tuesday said.

The report stated that trading via smart phone applications is expected to gain further momentum over the coming period as more brokerage firms provide this service with the full support of DFM.

The number of companies offering this service increased to 26 firms in 2016.