Daman Securities LLC, a leading UAE-based brokerage firm and a wholly owned subsidiary of Daman Investments, has been granted a license by the Dubai Financial Market (DFM) to offer derivatives trading, marking a key step in advancing the development and diversification of the UAE’s capital markets. Established in 1998, Daman Securities brings over 27 years of market experience, combining deep regional expertise with a client-focused approach to deliver tailored investment solutions.
The expansion of derivatives trading reflects DFM’s ongoing efforts to enhance market infrastructure and broaden the range of instruments available to investors. By participating in this initiative, Daman Securities aims to contribute to a more dynamic and diversified market environment, equipping investors with additional tools to navigate evolving market conditions.
Access to DFM’s regulated derivatives framework supports greater market efficiency, improved price discovery, and broader investor participation, while reinforcing transparency and regulatory oversight. This milestone also reflects Daman Securities’ ongoing commitment to supporting initiatives led by DFM and the UAE government, as well as its confidence in the strength and resilience of the UAE economy.
Shehab Gargash, Founder & Chairman of Daman Securities, said: “This milestone reflects our long-term belief in the strength and resilience of the UAE economy and our commitment to supporting its continued growth. The development of the market, including the introduction of derivatives, is an important step in building a more robust and sophisticated financial ecosystem”.
Ahmed Waheed, Chief Executive Officer of Daman Securities, stated: “We welcome DFM’s continued efforts to broaden the market offering and introduce new instruments such as derivatives. This is a meaningful step towards enhancing market depth, maturity, and overall efficiency. At Daman Securities, this direction aligns well with our strategy of providing clients with a more diversified set of investment solutions. We look forward to working alongside DFM and its team as the market continues to evolve and expand its capabilities.”
Khalifa Rabba, Chief Operating Officer of Dubai Financial Market (DFM), said: “The expansion of derivatives trading reflects the continued evolution of DFM’s market ecosystem and the growing investor demand for a wide range of investment solutions. Strengthening this segment enhances liquidity, supports effective risk management, and broadens investor access, reinforcing Dubai’s position as a leading capital markets hub.” The addition of derivatives trading complements Daman Securities’ existing services, enabling the firm to support a wider range of market initiatives while continuing to serve institutional and high-net-worth clients.
