BHBNewsLetter Dec2017

3 / 18

3
Issue 14 - DECEMBER 2017
BAHRAIN BOURSE LAUNCHES THE “BAHRAIN TRADE”
SERVICE PLATFORM (CONTINUED)
Commenting on the signing of
the agreement, Mr. Tawfeeq Mo-
hamed Bastaki said “In order to
stay abreast of changes within
the technological landscape of
new-age trading and to keep up
with investors’ demands with no
limits to their daily trading rou-
tines, we continuously invest in
modern technology and this new
trading application is the latest
demonstration of our commit-
ment to KHCB’s strategic goals.”
Mr. Bastaki added “This solution
will target retail clients with an ap-
petite for active trading. The plat-
form will make the process easier
by facilitating their trades through
an application that will be avail-
able through smart devices, which
is expected to be launched by the
bank in the first quarter of 2018.”
For his part, Shaikh Khalifa bin
Ebrahim Al-Khalifa, CEO of Bah-
rain Bourse said, “We are pleased
to have KHCB come onboard as
the first Participating Bank in Bah-
rain Trade. We strongly believe in
Bahrain Bourse in investing in the
latest technological advancements
and applications to meet investors’
ever-changing expectations and at
the same time, encourage an active
retail participation in the market.
This innovative solution goes in
line with Bahrain Bourse’s strat-
egy to facilitate investor access.”
“This service that has been await-
ed by investors will contribute to
linking investors directly to the
trading floor through an interac-
tive platform that will allow them
to benefit from the investment op-
portunities available in all financial
instruments listed at the Bourse
and select what suits their objec-
tives without the need for dealing
with a broker as it is being cur-
rently applied,” Shaikh Khalifa said.
“We are looking forward to hav-
ing other banks and financials
follow the step taken by Khalee-
ji Commercial Bank by joining
this service to enjoy the range of
opportunities that Bahrain Trade
can offer to widen their clients’
services,” Shaikh Khalifa added.
Mr. Zaid Aloul, General Manager
of Mubasher Financial Services
said that Mubasher continues to
enhance its partnership with Bah-
rain Bourse by providing innova-
tive solutions in order to facilitate
trading at the Bourse in which this
agreement is one of the import-
ant achievements supporting our
strong relations with the Bourse.
“This is an important step towards
offering innovative ways of trad-
ing. We will continue to strength-
en and enhance this partnership
with various banks going in line
with our efforts of enhancing our
clients base,” Mr. Aloul added.
It is worth mentioning that “Bah-
rain Trade” is Bahrain Bourse’s
latest customer-centric initia-
tive jointly led and powered by
Mubasher, one of the licensed
brokers on Bahrain Bourse and the
Middle East Region’s leading bro-
kerage services provider that has
been designed to provide inves-
tors with high-tech and safety for
execution of transactions as well
as convenience and ease of use.