{"id":619199,"date":"2022-07-18T10:16:44","date_gmt":"2022-07-18T14:16:44","guid":{"rendered":"https:\/\/www.malayalamdailynews.com\/?p=619199"},"modified":"2022-07-18T10:16:44","modified_gmt":"2022-07-18T14:16:44","slug":"union-coop-appoints-xcube-to-provide-marketmaker-service-on-its-shares","status":"publish","type":"post","link":"https:\/\/www.malayalamdailynews.com\/english\/619199\/","title":{"rendered":"Union Coop appoints \u201cxCube\u201d to provide marketmaker service on its shares"},"content":{"rendered":"<p><span style=\"color: #999999;\">\u2022 Khalid Al Falasi: \u201cxCube\u2019s expertise and capabilities reinforces the favorable environment for Union Coop\u2019s imminent listing onDFM\u201d<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-619200\" src=\"https:\/\/www.malayalamdailynews.com\/english\/wp-content\/uploads\/2022\/07\/AlWarqaCityMall.jpg\" alt=\"\" width=\"800\" height=\"406\" \/>Dubai: Union Coop announces that it has appointed\u201cxCube\u201d to provide marketmaker service on its shares as part of its preparations to list on Dubai Financial Market (DFM), which is due to take place on 18th of July 2022 becoming the first consumer cooperative in the United Arab Emirates to take this pioneering step.<\/p>\n<p>xCube\u2019s role will include ensuring bid and offer prices on the shares, determining the volumes required for buying and selling, and finding the balance of share price, which contributes to reducing the difference between requests and offers and encourages active trading.<\/p>\n<p>Khalid Al Falasi, CEO of Union Coop, expressed his delight that Union Coop has managed to enlist by xCube\u2019s admirable expertise and capabilities, reinforcing the favorable environment for the imminent listing of Union Coop\u2019s shares on the Dubai Financial Market (DFM).<\/p>\n<p>It is noteworthy that the indicative price of the Union Coop share has been demarcated at AED 3.9 following a share split of 1 to 10 whereby each Union Coop shareholder received 10 shares in exchange for 1 share they owned. The opening price shall be defined according to the buy and sell orders during the Pre-Trading Session on the first day of listing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u2022 Khalid Al Falasi: \u201cxCube\u2019s expertise and capabilities reinforces the favorable environment for Union Coop\u2019s imminent listing onDFM\u201d Dubai: Union Coop announces that it has appointed\u201cxCube\u201d to provide marketmaker service on its shares as part of its preparations to list on Dubai Financial Market (DFM), which is due to take place on 18th of July 2022 becoming the first consumer cooperative in the United Arab Emirates to take this pioneering step. xCube\u2019s role will include ensuring bid and offer prices on the shares, determining the volumes required for buying and&hellip;<\/p>\n","protected":false},"author":22,"featured_media":619200,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47748],"tags":[],"class_list":["post-619199","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.malayalamdailynews.com\/english\/wp-json\/wp\/v2\/posts\/619199","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.malayalamdailynews.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.malayalamdailynews.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.malayalamdailynews.com\/english\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/www.malayalamdailynews.com\/english\/wp-json\/wp\/v2\/comments?post=619199"}],"version-history":[{"count":0,"href":"https:\/\/www.malayalamdailynews.com\/english\/wp-json\/wp\/v2\/posts\/619199\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.malayalamdailynews.com\/english\/wp-json\/wp\/v2\/media\/619200"}],"wp:attachment":[{"href":"https:\/\/www.malayalamdailynews.com\/english\/wp-json\/wp\/v2\/media?parent=619199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.malayalamdailynews.com\/english\/wp-json\/wp\/v2\/categories?post=619199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.malayalamdailynews.com\/english\/wp-json\/wp\/v2\/tags?post=619199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}