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ADSM blocks cross-trading

  • United Arab Emirates: Monday, July 10 - 2006 at 08:05

The acting Director General of the Abu Dhabi Securities Market, Rashid Al Beloushi, said yesterday that representatives of brokerage firms in the ADSM were banned from carrying out transactions with any brokerage other than their own employer, reported Gulf News. The ruling comes as part of the ADSM's move to implement best international practices and enhance transparency in the bourse.

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