Dubai Financial Market launches e-calculator to count investor's fees

Dubai Financial Market (DFM)– operating as a secondary market for the trading of any financial instruments and being a public joint stock company - has made today a major step towards Clearing, Settlement and Depository Division services into an electronic environment. It launched the E-calculation service – a new market tool for assessment of different fees of investors and public join stock companies through DFM’s website.

This new development possesses a number of indubitable advantages. It will considerably improve effectiveness of transaction execution and increases its speed. Moreover, owing to this service much of the customers’ and division’s workforce, time and effort will be saved. E-calculator can be used by listed companies to calculate fees for different services: from electronic storage of reports till sending SMS messages. 

Maryam Fikri, senior vice president and director of clearing, settlement and depository division said about this innovation: “The E-calculator will be an easy and effective tool to calculate investors’ fees. Henceforth, investors can get a clear assessment about the fees applied to the needed transaction directly. This easy process will help us to tackle a time consuming step both for the customers and the employees".