Dubai-based platform xCube has launched the “UAE’s first” fully automated securities lending and borrowing (SLB) service for retail investors in the UAE.
The offering allows users to manage all aspects of the SLB process directly through the xCube application, removing the need to engage a broker.
Automated SLB services offer many benefits to lenders, including additional streams of revenue, a streamlined lending process, and the freedom to sell securities at any time.
The firm believes the service will also offer benefits to borrowers, such as one click short selling, and a flexible margin framework, all integrated seamlessly for easy portfolio management.
Hamed Ali, CEO of Dubai Financial Market, says: “We see Automated SLB as another significant stride in accelerating the development of UAE capital markets and cementing Dubai’s position as a global financial hub.”
Saad Chalabi, CEO of xCube, adds: “By offering automated SLB services, xCube enables retail investors to lend their securities to others in exchange for a fee all while maintaining instant access to their stocks should they want to sell them.”
