Dubai: xCube, a well-known market-making and trading platform with headquarters in Dubai, has launched UAE’s first completely Automated Securities Lending and Borrowing (SLB) for individual investors. By managing all components of the SLB process directly through the xCube application, customers will be able to manage trading activities on the Dubai Financial Market (DFM) more efficiently and without the need to hire a broker, thanks to this market advancement.
In the well-known SLB practice, investors lend their holdings of assets to third parties in return for a fee in the world’s financial markets. This facilitates market players’ access to securities for hedging and short selling, among other uses. xCube gives customers more control and faster, more efficient transactions by completely automating the process. Because of the transparency of the platform, all fees are visible within the app, resulting in a smooth and convenient user experience.
SLB is a well-established practice in global financial markets where investors lend their securities holdings to others in exchange for a fee. This helps market participants to access securities for purposes such as short selling and hedging.
By fully automating the process, xCube provides faster, more efficient transactions, and greater control for clients. The platform’s transparency ensures all fees are displayed within the app, creating a seamless and user-friendly experience.
By making it simpler, faster, more secure and affordable to access SLB, xCube is contributing to a more efficient trading experience on the Dubai Financial Market, complementing other services it offers such as swift and simple subscriptions to IPOs. Such initiatives are a key part of its mission to support the long-term health of capital markets by nurturing and empowering investors.
Hamed Ali, CEO of Dubai Financial Market, said that, “Bringing Automated Securities Lending and Borrowing to DFM for the first time is yet another example of how we continue to enhance market accessibility. Securities lending and borrowing is already a crucial part of Dubai Financial Market and the automated service from xCube for retail investors will improve the efficiency and effectiveness of the service – making it faster, more affordable and more accurate to execute transactions, for both lenders and borrowers.”
“We see Automated SLB as another significant stride in accelerating the development of UAE capital markets and cementing Dubai’s position as a global financial hub,” Ali added.