DUBAI, United Arab Emirates, May 21, 2007 (PRIME NEWSWIRE) -- Orion Brokers DMCC, a Dubai-based subsidiary of Orion Global Financial Services LLC, which is owned by Orion Holding Overseas S.A, has been awarded one of the select few "Off-Floor" Memberships available in the Dubai Mercantile Exchange Limited (DME).
As of May 1st, 2007, the DME Membership Committee has recognized Orion Brokers DMCC as one of the select few companies that can access and trade on the trading platform of the DME.
The DME is a 50/50 joint venture between the New York Mercantile Exchange, Inc. (NYMEX) and a Dubai Holding's subsidiary "Tatweer Dubai Limited".
NYMEX is internationally recognized as the global leader in energy trading exchanges offering liquid futures and options markets in light sweet crude oil, refined products and a number of energy-related and precious metals contracts.
By this move, Orion Brokers DMCC further solidifies its vision of global recognition, adds exchange-traded crude oil futures to its comprehensive line of products, and most importantly, further empowers investors with yet another world class-exchange and service provider.
Mr. Mohamed Khalil, CEO of Orion Holding Overseas, lauded this move as one of the best steps Orion Brokers has taken, adding, "This is another attestation to our successful business model; clients can finally invest with a reliable local partner armed with the same infrastructure used by NYMEX." Mr. Khalil added that, "Our clients will now be able to trade multiple products of multiple exchanges in one account on a superior platform."
With such attention and regulation of the Financial Industry and solid forward vision exemplified by HH Sheikh Muhammad Bin Rashid's outstanding prudence, Dubai is truly en route to becoming a financial hub with no less respect than New York, London or Hong Kong.
About Orion Brokers DMCC:
Orion Brokers DMCC is a UAE-based brokerage house, and is one of the leading regional companies in the field of e-commerce. Orion Brokers DMCC is a broker and clearing member of the Dubai Gold and Commodities Exchange, a recently established governing body regulated by the Emirates Securities and Commodities Authority. Orion Brokers DMCC specializes in electronic trading of Future Commodities & Currencies using the exclusive state-of-the-art online trading platform "Orion WebTrader". For more information, please visit www.orionholding.com
About Orion Holding Overseas:
Orion Holding is a Dubai-based stakeholder of a well-established and diversified investment group of companies located in Switzerland, Jordan, Egypt, Turkey and recently in Kuwait. Our subsidiaries cover all aspects of Financial Services: from Brokerage Services, Asset Management and to Corporate Finance and Financial IT Solutions. The Holding Company focuses largely on Private Equity; since our inception, we have been scouting regional markets for promising companies and dedicating investments and support to improve and further empower its business practice.
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