Abu Dhabi-based ADX Securities is the largest commodities and forex brokerage in the United Arab Eremites (U.A.E). The company plans on opening a branch in the United Kingdom. The purpose of the new location is to offer a new wealth and asset management hub after receiving the proper licencing, according Philippe Ghanem, vice chairman and managing director at ADX securities.
He said “we at ADS are looking at launching an asset management and wealth management business next year. We now have a fixed-income trading and capital markets brokerage business,” during a Reuters interview in Abu Dhabi. A London location will not only be beneficial to expanding their clientele, but London is also the number one location for forex trading and the largest site for Islamic finance outside the Middle Eastern region.