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FX Broker ADS Securities Launches in Middle East

Brokerage and trade service firm ADS Securities last week launched in Abu Dhabi. Backed by a capital commitment of $400 million from a group of private investors, the firm offers tools and personalised trade services designed to help institutional, professional and high net worth market participants trade in the global and regional foreign exchange, precious metals, commodities, futures and options markets. 

The company will offer pricing on all major currency pairs and in all trade sizes. Regulated by the UAE central bank, ADS Securities says it is working to build a network of liquidity providers. The company plans to open an office in London within the first year of operation to tap into the European market.

Philippe Ghanem, managing director, says, “Institutional players always look to improve their sources of liquidity by trading from different hubs. We believe financial institutions in the Middle East can provide a significant alternative source of liquidity and can play a major role in shaping the global trading marketplace.”

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