Daman Securities taps Advanced Markets to expand service portfolio
UAE-based financial services provider, Daman Securities has joined forces with multi-asset liquidity and prime-of-prime service provider Advanced Markets as it initiates a strategic expansion of its service portfolio.
By partnering with Advanced Markets, Daman Securities, based in Dubai, gains access to cutting-edge technology and platforms, an extensive product suite, and high-end services.
As part of this collaboration, Daman Securities will leverage Advanced Markets’ capabilities to provide its traders with access to a diverse array of financial instruments, including major and exotic currency pairs, commodities, indices, metals, and more, all accessible through a unified and user-friendly platform.
Daman Securities plans to offer over-the-counter margined derivative contracts, including Contracts for Difference (CFDs) and spot foreign exchange trading, under the brand name Daman Markets.
Having built a reputable presence in the UAE and the broader GCC region over the past 25 years, the alliance with Advanced Markets allows for greater transparency in pricing, improved execution speed and lower transaction costs.
Samer Mourched, CEO of Advanced Markets – Bermuda & Emerging Markets, commented: “We are delighted to partner up with Daman Securities. Our robust platform, expert staff, and comprehensive range of products, combined with deep market understanding, create a synergistic partnership. This collaboration aligns perfectly with our mutual goal of empowering traders and investors globally.”
Ahmed Khizer Khan, CEO Daman Investments added: “This partnership comes after Daman Securities diligent efforts to continuously enhance its offerings and provide its clients with the most advanced solutions in the ever-evolving financial landscape. By joining forces with the globally recognized forex broker, Daman Securities aims to provide an even more comprehensive and seamless trading experience”.
Advanced Markets Group, founded in 2006 and headquartered in Charlotte, North Carolina, USA, operates as a prime-of-prime broker, offering specialized services to traders worldwide.
Advanced Markets’ institutional business operates a 100 percent STP/agency model based on its FCA and AFSL licenses. Its STP platform enables FX market participants to trade on prices streamed by more than ten FX banks in an anonymous market structure.
The company has expanded its liquidity offering throughout the last two years by launching CFDs on single stocks and cryptocurrencies, which marked the first stage of its decisive move into the surging arena.