Abu Dhabi brokerage sees great potential in Russia

A team from ADS Securities (the Abu Dhabi-based brokerage and trade services provider) on Tuesday in Moscow attending ACI Russia Dealer’s Day, a high-profile event that brings together FX and financial services professionals in the Russian capital. ADS Securities, which recently launched USD/RUB products on its ADSS Trader platform, is confident that Russia will become another important international market for its FX offerings.The Dealer’s Day is an annual invitation-only event organized by ACI Russia and the Moscow International Currency Association (MICA) on the anniversary of the Russian currency default in 1998.Mahmood Ebraheem Al Mahmood, Chairman of ADS Securities said: “Russia is one of the most exciting financial markets in Europe and a key target for us.  We believe that ADS Securities’ offer of platform, prices and service will be of great interest to Russian institutional, high-net-worth and professional traders.  Moscow falls in the same time zone as Abu Dhabi, so they can benefit from our ability to provide liquidity and a strong market during the period between the close of Far East markets and the opening of European markets.  Our mix of world class prices, deep liquidity and on and offline trading is a very compelling proposition.”ADS Securities is believed to be the first UAE FX firm which has been represented at the ACI Russia Dealer’s Day since its inception 12 years ago. Philippe Ghanem, Managing Director of ADS Securities said: “Through our global partnerships with some of the world’s leading liquidity providers, and trade support, ADS Securities can enable traders in Russia to take advantage of some of the best and tightest spreads in the market.  There has been a rapid growth of FX trading in Russia over the past few years and the market shows considerable potential for greater development.  Over the coming year, we look forward to growing our client base in Russia.”Launched in March 2011, ADS Securities seeks to bring significant new opportunities to participants in the global and regional forex, bullion, commodities, futures and options markets. ADS Securities offers a comprehensive set of services and tools designed to help institutional, professional and high-net-worth market participants trade with high efficiency, speed and simplicity.ADS Securities is based in Abu Dhabi and has set up its first overseas office in Singapore. Abu Dhabi-based ADS Securities is a brokerage and trade services firm with an initial capital of $400 million which brings significant new opportunities to participants in the global and regional forex, commodities, futures and options markets. ADS Securities offers a comprehensive set of services and tools designed to help institutional, professional and high-net-worth participants trade with high efficiency, speed and simplicity.The company is led by a multi-national management team with a wide range of international experience, having worked some of the world’s leading securities trading companies and banks. From / Gulf Today