Dubai Financial Market (DFM) is harnessing high quality end-to-end unified network connectivity solution from Etisalat, to improve the quality of DFM’s network infrastructure supporting brokerage companies across the UAE.
The project reflects DFM’s commitment to adopt technological advancements for providing seamless connectivity, swift and reliable service to its broker network. The unified network connectivity solution is fully managed and supported by state-of-art Etisalat’s Network Operations Center (NOC) which offers around the clock, 365 days a year service level support.
The implementation of Etisalat’s unified managed connectivity network has enabled DFM to offer more stable, scalable and flexible connectivity platform for brokerage companies across the UAE.
It also serves as a springboard for advanced financial services in future, dynamically adding value to DFM’s brokerage services.
Commenting on this development, Hassan Abdulrahman Al Serkal, Executive Vice President, Chief Operating Officer, Head of Market Operations Division, DFM said, “Since its inception, DFM has been a market leader in adopting new technologies and innovative solutions including many state of the art connectivity solutions creating the most dynamic trading infrastructure and saving market participants’ time and effort. We are delighted to sign this essential agreement with Etisalat, the leading provider of telecommunication services in the UAE and beyond as part of our enduring commitment to employ highly efficient technologies enabling DFM-licensed brokerage companies to provide investors with the fastest and reliable services.
“This development has been widely welcomed by our members; we have signed service contracts with 38 brokerage firms and successfully implemented the connectivity for 27 companies until now. The WAN connectivity offers dependable main links as well as back up links, which makes the connectivity failures highly unlikely. We would like to extend our sincere thanks to Etisalat and the brokerage firms for their high level of collaboration to implement this significant step,” Al Serkal added.
Commenting on the project’s success, Etisalat’s Chief Business Officer, Salvador Anglada said, “Etisalat is committed to using its power of ICT and global services to enable organisations to focus on their core competencies, while reducing their total cost of IT ownership. We understand that in the high-powered financial industry, network downtime is unacceptable. Through our delivery capacity and reliable infrastructure and processes, we aim to strengthen DFM’s position at the cutting edge of financial services by managing their dynamic ICT requirements.”
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