Abu Dhabi-based brokerage, ADS Securities, is seeking a share in the commodities and foreign exchange trading market, Kipp Report reports. ADS is looking to launch commodity broker services in 2011.
It intends to take advantage of the local time zone with its presence in Abu Dhabi and its proximity to large sovereign wealth funds and institutions in the oil-rich region. The firm, backed by private investors and capitalized at $400 million, is targeting institutions as compared to retail investors.
Click here for the story from Kipp Report.