Analysts say one obstacle for brokerage firms might be changes to capital adequacy requirements. While other rumours indicate capital requirements may be replaced with a pledging system based on brokers' perceived daily turnover, the main issue concerning brokers is that the lack of information on DFM has left them in the dark as to how they should proceed at all. Nobody has said anything about anything. Some brokers also complain that they have been denied the right to take competitive advantage of their relative strengths. Some analysts, on the other hand, point an accusing finger at the UAE's brokerage industry for the government's unwillingness to draft them in.
Some brokers back out of deals.
It is so unprofessional. It seems any screening process will be a long one. But once the brokers issue has been resolved, the next question is which of the UAE's 48 traded companies will be listed. It will be companies with a high free float - like Emaar and Dubai Investments. They will be looking for very liquid, highly tradable shares.