Many companies will love to expand into MENA and conquer the market. This time, Go Markets has taken the lead and created a subsidiary in Dubai. The news came to us on Thursday when the CEO of the company made the announcements. The Australian retail brokerage firm has kicked off their plans by establishing the new subsidiary they called “GO Markets DMCC.”
GO Market’s CEO Speaks on the MENA Subsidiary
The company’s CEO Christopher Gore in his statement revealed that this move into MENA had been one of their wishes. Right now, he is overjoyed that they have finally achieved it. Or at least, they have started the ball rolling with this new development.
GO Markets is partnering with other brokers to establish an operational base in “Dubai Multi Commodities Centre” in Gulf State. This place has been existing as an economic-free area since its establishment in 2002. The best part is that Dubai Gold & Commodities Exchange has become a member of the subsidiary “GO Markets DMCC”. No wonder the CEO of GO Markets is expressing his joy about the new establishment.
Another information we got from Christopher Gore is that they are on the verge of legalizing their operations. The company has started the process that will get them a Licence from the Dubai Securities & Commodities Authority. The company is serious about this and wasting no time at all.
GO Markets Will Have More To Offer
We are not seeing the possibility of rejecting the company’s application for an operating license. Already, Gore has revealed that the company is planning to establish its presence in the state. So, the regulator may not have any choice other than licensing them.
The Go Markets CEO has also disclosed that the firm has a different plan for this new development. They want to achieve greater things than what they are doing in other areas. Gore mentioned that the company has all it takes in talent and technology already available to achieve their aim.
He went further to state that they have gained the opportunities they need to move higher. Having a place in Dubai Multi Commodities Centre is a great achievement. Also, since the Dubai Gold and Commodities Exchange is now part of them, the firm will try to do better.
The GO Market’s CEO went further to express the company’s plans towards Dubai. He stated that they want to be a great innovator and contributor to the economy.
We also gathered that the firm has been very busy for some months now. This new subsidiary is not the only project they have executed so far. Go Markets has upgraded the products it was offering by including some equities-based contracts for differences.