Open HarimauMintCapital opened 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
Issuing Authority : DMCC Authority
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.