DFM delays new tick system

10 March 2010

The Dubai Financial Market has delayed the rollut of its new tick system for shares. 'The introduction of three decimal tick size system on securities with a market value below 1 dirham, which was due on March 11 will be postponed until further notice, in response to brokers' request,' the bourse said in a statement today. The DFM said brokerage firms had asked for more time to complete their preparations in coordination with vendors..

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