HarimauMintCapital / Forex-CFD-Shares

💹 Unlock a world of opportunities with our comprehensive asset pack, designed to empower investors and traders. Gain access to a diverse range of financial tools, from forex and bonds to commodities, equities, ETFs, derivatives, and CFD cryptos.
MIT License
0 stars 0 forks source link

⚡ License - Trading for Proprietary account on regulated exchanges #2

Open HarimauMintCapital opened 1 year ago

HarimauMintCapital commented 1 year ago

Trading for a proprietary account on regulated exchanges, as related to a DMCC license, refers to the activity of conducting trades on behalf of a company using the company's own funds (proprietorship) on exchanges that are regulated and approved by the Dubai Multi Commodities Centre (DMCC).

In this context, a proprietary account refers to a trading account owned and operated by a company or firm rather than on behalf of clients or investors. The company trades with its own capital, seeking to generate profits directly for itself rather than acting as an intermediary for others.

When a company holds a DMCC license allowing trading for a proprietary account, it means that the company is authorized to engage in trading activities on regulated exchanges approved by the DMCC, using its own capital. This could include trading in commodities, precious metals, futures contracts, options, or other financial instruments available on those exchanges.

By obtaining this type of license, companies can benefit from operating within a regulated environment, accessing the infrastructure and services provided by the DMCC, and conducting trading activities in compliance with the rules and regulations set forth by the DMCC and the respective regulated exchanges.

HarimauMintCapital commented 1 year ago

License Details :

License Number : DMCC-884639

Account Number : 408985

Registration Number : DMCC196690

Licensee : HARIMAUXHYRE TRADING DMCC

Trade Name : HARIMAUXHYRE TRADING DMCC

Legal Status : Freezone Company

Issue Date : 18-Apr-2023

Expire Date : 17-Apr-2024

Image

Issuing Authority : DMCC Authority