Picture the scene: you have US$200,000 (Dh734,640) in the bank and lots of money to trade, although all you are missing is a majlis in which to do it.
Look no further, because "prime elite", a new service for professional traders, offers exactly that.
"The majlis trading floor … has fully operational trading desks [like] those used by our dealers and direct access to our servers to give clients the highest-quality trading options," says a spokesman for ADS Securities, which is offering the service.
The high-tech area, equipped with data screens and news feeds, is open six days a week but only to certain members. To join, traders must deposit $200,000 or trade more than $500 million a month.
"Membership to this elite group is not for all," says Marc Aspinal, ADS's global head of sales.
Those who can afford to make the cut will have the opportunity to meet other professionals in a private and sophisticated environment. The "prime elite" service offers exclusive networking opportunities, and hospitality and sporting events and conferences.
Members will also have access to a senior trader to help them in all areas of their trading, as well as free courses at ADS's training academy and others on request.
Mr Aspinal says the concept aims "to build an elite community of traders across the GCC who are educated, who are active, and ultimately providing and returning liquidity to the local market".
If professionals do not have the right trading volume and funds to spare, they could always stick with ADS's standard prime account, which requires deposits of $10,000 to $25,000, depending on the trading platform.


