ADSS
TypePrivate
IndustryFinancial services
Founded2011
HeadquartersAbu Dhabi, UAE
Key people
Mahmood Ebraheem Al Mahmood, Chairman.
ServicesFinancial investment and trading brokerage
Number of employees
501-1000
Websitewww.adss.com

ADS Securities LLC is a private financial services firm headquartered in Abu Dhabi that offers online trading, investment, wealth management and asset management services for institutional, private and retail clients. It provides foreign investment markets analysis on CNBC, Bloomberg, and CNBC Arabiya.

Company

ADS Securities LLC (“ADSS”) is authorised and regulated by the Securities and Commodities Authority (“SCA”) in the United Arab Emirates as a trading broker for Over the Counter (“OTC”) Derivatives contracts and foreign exchange spot markets. ADSS is a limited liability company incorporated under United Arab Emirates law. The company is registered with the Department of Economic Development of Abu Dhabi (No. 1190047).

ADSS is the biggest foreign-exchange trader in the Middle East and North Africa (MENA) region[1] and serves central banks, asset managers, brokerage firms, and hedge funds.

The firm was established with $400 million in capital under Abu Dhabi Chamber of Commerce and began trading in March 2011. In 2016, the shareholders increased their capital investment with an additional $185 million to increase the total capitalization to $585 million by end of year.[2]

Services

ADSS business areas include trading and brokerage based on its own multi-asset trading technology.[3] The company also has a cross-asset investment service, investment banking division and it offers wealth and asset management services.[4][5][6] The firm is known for its pricing of CFDs including a Dubai Oil CFD which gave Middle Eastern investors access to the local commodity for the first time.[4] On 4 May 2016, the company announced the launch of an Arabic language trading application called OREX mobile.[7]

Regional Offices

ADSS is based in Abu Dhabi and has two regional offices:

  • ADSS London (ADS Securities London Limited) is authorized and regulated in the UK by the Financial Conduct Authority (FRN 577453) and is an IFPRU 730K firm,[8] with its registered office at 9th Floor, 125 Old Broad Street, London, EC2N 1AR, registration number: 07785265.[9][10]
  • ADSS Hong Kong (ADS Securities Hong Kong Limited)[11] is licensed by the Hong Kong Securities and Futures Commission (CE No. AXC847) to act as a financial intermediary in the conduct of brokerage business for the sale and purchase of securities, futures contract, leveraged foreign exchange and advising on corporate finance as permitted in accordance with the Securities and Futures Ordinance of Hong Kong.[12] ADSS Hong Kong holds SFC type, 1, 2, 3, 4 and 6 licenses.[13]

Another wholly owned subsidiary of ADSS Group is ADS Investment Solutions.[14][15]

References

  1. ↑ "Forex Brokers". Leaprate. Archived from the original on 9 October 2018. Retrieved 9 October 2018.
  2. ↑ "ADS Securities". MEED. Retrieved 14 November 2013.
  3. ↑ ""إي دي إس" تُطلق أول منصة تداول متعددة الأصول في الشرق الأوسط" (in Arabic). AlKhaleej. 25 November 2013. Retrieved 10 March 2015.
  4. 1 2 "ADS Securities is launched". E-Forex. Retrieved 14 November 2013.
  5. ↑ "Company Overview of ADS Securities L.L.C." Bloomberg Businessweek. Archived from the original on July 14, 2011. Retrieved 14 November 2013.
  6. ↑ "ADS Securities Strengthens its Retail Offering – Launches First Call a News and Analysis Portal". Forex Magnates. Retrieved 14 November 2013.
  7. ↑ "ADS Securities Arabic Language Trading App launch". AtoZForex. May 4, 2016.
  8. ↑ "ADSS Review". Finance Magnates. Archived from the original on October 9, 2018. Retrieved October 9, 2018.
  9. ↑ "The Financial Services Register". Financial Conduct Authority. July 24, 2012. Retrieved October 2, 2018.
  10. ↑ Ruth Lynch (January 16, 2015). "ADS Securities opens new London Office". Devono. Retrieved October 2, 2018.
  11. ↑ Steven Hatzakis (December 16, 2013). "ADS Securities Opens Hong Kong Office, MD Desmond Yeo to Oversee Asian Business". Finance Magnates. Retrieved October 2, 2018.
  12. ↑ "ADS Securities Adds Two Additional Regulatory Licenses from Hong Kong SFC". Finance Magnates. June 8, 2016. Retrieved October 2, 2018.
  13. ↑ "Public Register of Licensed Persons and Registered Institutions". Securities and Futures Commission. August 9, 2011. Retrieved October 2, 2018.
  14. ↑ "About Us – ADS Investment Solutions Website". www.ads-investments.com. Retrieved 2020-03-25.
  15. ↑ "ADS Securities Establishes Asset Management Subsidiary with Abu Dhabi License | Finance Magnates". Finance Magnates | Financial and business news. 2018-02-05. Retrieved 2020-03-25.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.