The unified clearinghouse supports the promotion of financial markets and enhances their efficiency

The unified clearinghouse supports the promotion of financial markets and enhances their efficiency

Reda Mosallam, partner and general manager of “Truth” Economic and Management Consultancy Company, stressed that establishing a unified clearing company will contribute greatly to the speed and accuracy of executing operations with high efficiency, in addition to transparency, which is very important for our local markets.

Mosallam added that this step, if implemented, would be an important step among the mechanisms required for promotion to developed markets, noting that the Emirates Securities and Commodities Authority is always working to implement best global practices, and will also apply best practices in the field of clearing in the world.

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