With the number of
trading units at the mall now standing at 400, we continue to scout the world for the best and most exciting entertainment, retail and hospitality brands, and we look forward to continually expanding this mix for our visitors," said Kareem Shamma, the chief executive of Bawabat Al-Shamal Real Estate Company (Basrec), the owners and developers of DHFC.
Saudi Arabia and Oman already have
trading units, and Abu Dhabi National Oil Co said earlier this month it may seek partners as it expands into trading.
Schenck is to be promoted to deputy CEO and co-run the bank's investment banking and
trading units alongside Garth Ritchie.
The Saudi Stock Exchange (Tadawul) has announced the listing and
trading units of Riyad Capital's Riyad Real Estate Investment Traded Fund (Riyad REIT) with effect from Sunday 13 November 2016, with symbol 4330 and within the Real Estate Investment Traded Funds (REITs) sector which will be added to the Main Market sectors, with a 10 per cent daily price fluctuation limit per unit.
Also, this decision has been made with respect to the Action Plan for Consolidating
Trading Units, an initiative by stock exchanges in Japan to unify
trading units at 100 shares.
The anti-monopoly bureau within Chinaa[euro](tm)s Ministry of Commerce said in a post on its website that as it found that the transaction could hurt competition in the countrya[euro](tm)s soybean importing market, it would require that Gavilon and Marubeni keep separate, independent
trading units, certain not to exchange market information between them, when selling soybeans to China.
Mr Osborne said banks must be set up so their High Street branches and savings and loans would not be damaged if their
trading units ran into trouble.
Other sector players are closing their proprietary
trading units following the Volcker plan hatched by former Federal Reserve Chairman Paul Volcker, which bans banks from holding over 3% of their Tier 1 capital in hedge funds and private equity investments.
The international
trading units of Russia-based OAO Gazprom (Gazprom) (RTS: GAZP) are operational at a new office in Singapore.
The report said: "A ban may not be necessary if firms are given sufficient incentive to separate their
trading units from their retail banking activities of their own accord, but...
will consolidate the standard sizes of
trading units for shares on its bourse to 100 and 1,000 by April 2012, TSE officials said.