“Our presence in Abu Dhabi will be the link to realize the ‘East-West Corridor’ of digital investment solutions for global clients”.
After obtaining all necessary approvals last year, Equiti Group has announced that it will open its 10th office in Abu Dhabi’s prestigious Etihad Towers on 27th February 2023.
The global fintech broker received a license from the Securities and Commodities Authority (SCA) in April 2022 to operate in the jurisdiction.
STP Multi-Asset Brokerage and Education Seminar in Abu Dhabi
Equiti plans to use the Abu Dhabi office as an education and knowledge-sharing hub, while offering its renowned personalized investment solutions to the community.
The brokerage’s Abu Dhabi operations will offer face-to-face services in prime locations and focus on offering tight spreads and STP (straight-through processing) products on a multi-asset and multi-currency platform, with instant execution and zero withdrawal fees.
Additionally, as an education and knowledge-sharing hub, Equiti will host a series of educational seminars and workshops in the UAE capital to further support awareness building on financial services and investment solutions.
Equiti will partner with a range of local entities, government agencies and universities to support the cause and share best practice in safe and diversified investment approaches.
Abu Dhabi operation is the link to realize the “East-West Corridor”
Iskandar Najjar, Co-Founder and Group CEO of Equiti Group, said: “Our expansion into Abu Dhabi in the UAE is necessary to further strengthen our presence in Europe, Africa and the Middle East, with our planned expansion in Asia and South America. Operations in the U.S. soon. Our Abu Dhabi operations will be the nexus to enable the “East-West Corridor” of providing digital investment solutions to clients around the world”.
Mohamed Al Ahmad, Co-Founder and Lead Managing Director of Equiti Group, commented: “The UAE and its capital, Abu Dhabi, have a very strong economy and a solid financial infrastructure. This will enable us to attract more international investors to the capital We know how sharp and savvy investors in Abu Dhabi are. They are passionate about excellence and success. At the same time, they seek personalized service and advice from investment experts and top technology solutions. Equiti in Abu Dhabi will fill this blank.”
Equiti Receives UAE’s SCA OTC Derivatives and Currency License in 2022
In April 2022, the Equiti Group announced that its Abu Dhabi-based subsidiary, Equiti Securities Currencies Brokers LLC, has been granted a license from the Securities and Commodities Authority (SCA) of the UAE for OTC Derivatives and Currencies in the Spot Market – License No. 20200000026.
The newly launched activity is licensed to trade over-the-counter derivatives and currencies in the spot market under the SCA’s Financial Activities Regulatory Manual or “Licensing Rulebook” Type 1 license.
The stringent requirements set by the SCA, including higher paid-in capital requirements for the activity, align the UAE with global regulatory standards and position the SCA as the top regulator for advanced financial markets in the Middle East and UAE.
The brokerage’s new SCA license will strengthen the company’s international growth trajectory as the group continues to apply for new licenses around the world to enter new markets with proper governance.