DFM to showcase smart services at Gitex
(10/10/2018 6:48:00 AM)
The Dubai Financial Market (DFM) will showcase its most recent solutions and applications that enable market participants swift access to their investment portfolios and market services at the upcoming Gitex Technology Week in Dubai, UAE.
Gitex 2018, the information technology week, is scheduled from 14 to 18 October at the Dubai World Trade Centre. The DFM has successfully developed series of innovative solutions as part of its "Smart Brose" strategy that reinforced its leading position amongst regional exchanges in terms of innovation and utilization of most advanced technologies to provide its services through multiple channels in line with participants’’ requirements.
DFM’s new solutions due to be presented at Gitex 2018 include; the updated version of smart phone application, launch of the E-signature and issuance of investor number with the use of the Emirates ID and pilot launch of the Annual General Meetings service via Block Chain technology. It also includes pilot launch of the Chatbot interactive communication service as well as pilot launch of the DFM Stock Game for public.
The DFM is participating within the “Business Services” area of the Dubai Smart Government (DSG) pavilion. DFM officials and specialists will be present to explain the market services to Gitex visitors.
Essa Kazim, chairman of DFM said: "The DFM maintains a leading position amongst capital markets in terms of employing most advanced technologies to achieve seamless provision of services to market participants. Our smart and innovative efforts are in line with the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, which emphasizes on making services accessible to public through the easiest, most flexible and effective channels.
“Accordingly, the DFM has been successfully implementing the “Smart Borse” strategy over the past years that created numerous innovative solutions. Our commitment to participate at Gitex stems from its importance as an ideal platform to highlight our latest innovative services and solutions. During this round of the exhibition we will shed light on the enhanced Annual General Meetings service via Block Chain technology, the E-signature and issuance of investor number with the use of the Emirates ID and the Chatbot interactive communication service.”
During Gitex 2018, the DFM will also launch the pilot website of its stock game, the leading initiative from DFM promoting financial knowledge since 2003. The new website is expected to be officially launched before the end of this year enabling public to take part in the competition for the first time, noting that through its history the stock game was solely open to school and university students in the UAE and beyond.
Through the new website, participants from the public will be able to virtually invest in a challenging experience that will further enhance their knowledge about this sector. Participants can also invite other contenders from across the world and form competing teams in order to achieve the highest returns.
The public competition is DFM’s most recent initiatives as part of its continuous efforts to increase awareness about the characteristics of capital markets. Participants will be able to accomplish their virtual investment activities through the website for no more than 3 months from the date of first participation.
They will be able view access statistics of the participating groups, number of players as well as participants ranking.
The DFM will run a competition for the visitors of the exhibition and players can register at DFM’s stand in order to virtually trade during the trading hours of DFM. The initial investment amount is Dh1 million ($272,000) of virtual money and they can use this amount to buy and sell listed securities as per the real prices. Winners who achieve highest returns will receive mini iPads.