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    UPP appoints BH Mubasher as liquidity provider

    05 Sep 2020

    Union Properties PSJC (UPP) has appointed BH Mubasher- one of the UAE’s leading capital markets companies - as a Liquidity Provider, upon the approval of Dubai Financial Market (DFM). This new product authorises BH Mubasher to engage with an issuer of a listed security to provide them liquidity, in accordance with the financial market’s rules and regulations, according to a press release.

    Galen Moore, Head of Cash Equity & Derivative Market Making at BH Mubasher, said “We are pleased to have been approved as a Liquidity Provider by Dubai Financial Market (DFM) for Union Properties. This will enable us to maintain tight spreads, increase trading volumes and lower volatility whilst enabling greater price discovery for investors. This is a positive step forward for BH Mubasher and the Market.

    Moore continued, “A Liquidity Provider ensures there is a consistent depth to the market for sellers and buyers to transact their orders and enable their liquidity needs to be met. We would like to thank Dubai Financial Market for authorising this move, and in doing so recognising BH Mubasher’s services and contribution to the UAE financial market.”

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