A senior executive from Dubai Professional Trading Group (DubaiPTG) -- the Middle East’s first trading arcade – is set to take a bullish stance on the potential of region’s financial markets during his case study at the FOW’s Derivatives World Dubai conference on 4 December.
James Hume, Chairman of DubaiPTG, will brief attendees of the conference on the market factors that have contributed to timing of DubaiPTG’s launch last month, including the increasing maturity of the region’s financial sector and the tax and lifestyle benefits of trading from Dubai.
“Traders are looking for an environment conducive to making money, and the Gulf is now capable of providing a platform, climate, and actual trading facility to foster that aim,” said Hume.
“The ability to reduce the costs of trading in an arcade environment while living in a centrally-located and emerging financial hub with tax free status is proving to be an attractive incentive for traders, based on the feedback that DubaiPTG has received in the last four weeks since our launch,” he added.
Hume’s presentation to attendees of the FOW Derivatives World Dubai conference will also touch on the training programme that he and DubaiPTG shareholders are launching next month to mentor new traders.
“While we have had a strong response to DubaiPTG from existing traders in the UK and other European markets who are interested in relocating to Dubai, there are indications that Arab nationals and other expatriates already living in the Gulf are keen to learn how to become successful traders within a thriving arcade environment,” Hume added.
As part of his case study on DubaiPTG during the conference, Hume will also draw on the firsthand experiences of existing traders and analysts within the industry. Further information about DubaiPTG can be found at: http://www.dubaiptg.com/.
