Complex Made Simple

DFM actively participates in the UAE “Innovation Week”

DFM’s purposely-built stand enables investors and capital markets employees to get acquainted on exchange’s innovative solutions

Dubai Financial Market (DFM) today announced the details of its active and far-reaching participation in the UAE innovation week, the initiative launched by Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai, aimed at strengthening innovation culture across all sectors. During the Innovation Week, which runs between 22 and 28 November 2015, the DFM will become a lab of innovation and creativity in the capital markets sector through displaying a series of game changing innovations in this sector in the UAE and beyond.

Investors and capital markets’ employees will have the opportunity to learn about DFM’s innovative services and solutions through a purposely-built stand at the trading floor. DFM executives and specialists will be present at this stand through the week to enlighten visitors on the features of these innovations.

DFM will host six innovation gatherings for various participants and stakeholders including; investors, brokers and custodians, issuers, suppliers and employees. These events will provide a brain storming opportunity to explore ways to further enhance the sector and discuss new innovative ideas that the exchange will strive to transform into an action plan for the coming period. Additionally, the DFM will host the UAE innovators forum with the participation of engineer Mohammad Al-Shamsi, Mobile Robotics Expert, Khalid Al Ameri, Columnist at Al Khaleej Newspaper and Motivational Speaker & Workshop Leader and Adeeb Al Balooshi, the Youngest Emirati Inventor.

His Excellency Essa Kazim, Chairman of DFM said; “Through its momentous journey, DFM has been steadfastly devoted to innovation, provision of efficient solutions and constantly development of its services in line with the vision and directions of Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai. His Highness constantly emphasizes that there is no finish line in the race towards excellence. Considering the high level of dynamism and competitiveness of this sector, DFM has a leading position in employing the most recent technologies since its inception. Our journey for development has never stopped since then in order to provide our participants with smart and innovative solutions. In fact, innovation is one of the main corporate values that DFM is keen to strengthen amongst its employees so that market participants can realize it when dealing with us. The DFM strategy focused on providing advanced financial services, hence we have launched various innovative solutions and services that caters to the needs of various categories of market participants including investors, listed companies, and brokers as well as providing smart applications that enabled market services and data through multiple channels.”

Examples of DFM innovations:
1- The smart and comprehensive online investor services gateway: an all-inclusive electronic platform that offers investors seamless communication with the market to efficiently accomplish their transactions and track their investments via multiple channels of smart phone applications as well as its website. The DFM has further enhanced the list of services that can be conducted through the platform enabling investors to track their investments and submit their applications anytime anywhere.

2- The smart phone applications: As part of an accelerated pace to fully shift to the “Smart Borse” conception in line with the vision and directions of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, the DFM has launched its smart phone applications as well as the Apple Watch version. The applications enable the investor to access various services including his portfolio including the owned quantity of shares and its value, the iVESTOR card statement, cash dividends entitlement, the instant tracking of DFM and Nasdaq Dubai listed securities and the DFM Market Watch.

3- Market Watch data dissemination through Dashboards: A new technology from DFM that enables the dissemination of Market Watch data through car dashboards. Through this technology, motorist will to stay fully updated about DFM’s market data.

4- iVESTOR Card: The card represented a quantum leap and completely eradicated the hurdles associated with cash dividend distribution as it has enabled listed companies to effectively conclude the distribution process in a short period compared to the traditional way of issuing cheques.

5- eIPO smart platform: The sophisticated and efficient solution for IPO subscription directly linked with the receiving banks. The platform has witnessed enormous turnout from investors in the UAE and beyond during the implementation of many IPOs. The creation of the eIPO platform provided a seamless and efficient solution to conclude the IPO process, listing and trading on the shares within a very short period. Recently, DFM signed an MoU with the Government of Dubai’s Department of Finance in order to enable investors to make payments of IPO subscriptions in the future via the ePay Portal of Dubai Smart Government.

6- The AGM registration kiosk: this innovative service offered DFM listed companies an efficient solution to organize AGMs through easy registration of shareholders, voting, etc…

7- Shareholders Analysis Report (eSAR): This electronic service enables listed companies to gain deep and analytical understanding of shareholders’ investment behavior.

8- Electronic disclosure system (Efsah): an advanced application enabling issuers to efficiently disseminate their disclosures, which further enhances the transparency.

Eventful and diversified agenda:
As well as showcasing some of its efficient innovative solutions during the Innovation Week, DFM is also exploring how to further strengthen its momentous journey of innovation. To achieve this, the Innovation Week will include series of gatherings between DFM officials and market participants in order to highlight what has been achieved over the past period and to hold brainstorming sessions aimed at jointly collaborating to accelerate the innovation efforts in line with the vision and directions of Highness Sheikh Mohammed bin Rashid Al Maktoum. The agenda includes the following events;
1- Innovative Brokers and Custodians Gathering, Sunday, 22 November
2- Innovative Investors Gathering, Sunday, 22 November
3- Innovative Employees Gathering, Monday, 23 November
4- Innovative speakers Gathering, Tuesday, 24 November
5- Innovative vendors Gathering, Tuesday, 24 November
6- Innovative Issuers Gathering, Wednesday, 25 November