First real time stock information & on line trading engine launched in the UAE.

Published June 21st, 2005 - 06:14 GMT
Al Bawaba
Al Bawaba

Mubasher, a subsidiary of National Technology Group (NTG), one of the largest Information & Communication Technology Groups in the region, has launched Mubasher Trade and Mubasher Market, the first bilingual (Arabic & English) real time stock market information service and on line trading engine, in the UAE.
As an appointed authorized data vendor for Abu Dhabi Securities Market (ADSM) and Dubai Financial Market (DFM), Mubasher has successfully concluded tests regarding straight- through order processing with the DFM and ADSM. Straight-through processing will allow investors to buy and sell securities in real-time within a multi-market, multi-currency environment. Mubasher Trade, quipped with a set of advanced trading tools, will integrate real time information with value added services, bringing a virtual trading floor to investors’ workplaces.
Regional stock markets are growing at an unprecedented pace with the number of active investors, listed companies and transactions reaching new heights daily. The growth places enormous pressure on traditional methods of service. Mubasher offers convenience, efficiency, and the elimination of latency, empowering investors and leveling the playing field.
For the first time, UAE investors may buy and sell stocks and mutual funds online, cancel and edit orders, receive real-time stock prices from multiple markets through a single interface, build predefined trading rules, view real-time portfolio valuation, conduct portfolio analyses, receive daily summaries, and much more.
Commenting on the service, Engineer Mohammed Rashid Al Ballaa, Chairman of NTG, said “The GCC stock markets are witnessing buoyancy as investors are vying to make their investment in highly liquid scripts listed on regional and local exchanges. Mubasher is committed to simplifying the process of trading by providing easy-to-use and accessible information and order processing to investors. We are keen on embracing new technologies to ensure hassle-free service for our clients.
“Mubasher’s real-time stock market suite is a big step in eliminating the current hassle of participating in the market’s successes. This service, the first of its kind in the region, will provide the market with a boost in transparency and investor confidence, easing trading and investment in UAE financial markets,” he added.
Mubasher, already a market leader in Saudi Arabia and Egypt with more than 60,000 subscribers, is also an authorized data vendor for Tadawul (Kingdom of Saudi Arabia), Muscat Securities Market (MSM), and the Amman Stock Exchange (ASE) as well as over 180 international exchanges. Mubasher plans to integrate international markets into the service in the future.
To celebrate the launch of Mubasher in the UAE, Mubasher is pleased to announce FREE SUBSCRIPTION to the Mubasher Net service for a limited time, plus a virtual tour of the on-line trading tool. Interested investors may register for the free subscription by visiting the website www.mubasher.net. Further information regarding the suite of products and services will be announced in forthcoming weeks.

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