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Tue 21 Jun 2005 04:00 AM

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UAE’s first real-time stock information and online trading engine

Mubasher helps traders to make better investment decisions through Mubasher Trade, Market, and Value Added services.

Mubasher, a subsidiary of the 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 real-time stock market information service and online trading engine, in the UAE.

As an appointed authorised 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 and Mubasher hopes to offer convenience, efficiency, and the elimination of latency, empowering investors and levelling 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.

“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,” says Eng Mohammed Rashid Al Ballaa, chairman of NTG.

Mubasher, already a market leader in the Kingdom of Saudi Arabia (KSA) and Egypt with more than 60,000 subscribers, is also an authorised data vendor for Tadawul (KSA), 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. “[The] real-time stock market suite is a big step in eliminating the current hassle of participating in the market’s successes. This service (…) will provide the market with a boost in transparency and investor confidence, easing trading and investment in UAE financial markets,” Al Ballaa adds.

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