GMG granted licence to operate from DIFC

GMG Limited, part of Switzerland-based G2 Group, has received a licence by the Dubai Financial Services Authority to operate as an authorized firm from the Dubai International Financial Centre (DIFC). As the brokerage arm of G2 Group, GMG will render its brokerage services to institutional clients such as banks, funds, sovereign funds, family offices, corporates, and supra-nationals, and will not engage in retail business. As a broker, the firm will only facilitate the transactions and will not be accepting or remitting funds for and on behalf of its clients.