Khaleeji Commercial Bank (KHCB) and Mubasher, the leading provider of financial brokerage services in the Middle East, have signed an agreement to work together on the launch of an innovative online trading platform, called Bahrain Trade.
The innovative app would allow the active traders with busy schedules to trade via their smart devices and benefit from brand new technologies. The new trading app would be in the market by mid-2018. The app would link investors directly to the trading floor. By this, they will have direct access to all the investment opportunities and financial instruments available at the Bourse and select the ones that suit them best. Furthermore, traders would no longer need intermediaries such as brokers. Powered by Mubasher, one of the licensed brokers in Bahrain, the app is user-friendly and meets the highest security standards in the field.
Bahrain’s Bourse CEO, Shaikh Khalifa bin Ebrahim Al-Khalifa welcomed KHCB as the first participating bank in Bahrain Trade. He commented the bank would contribute from all the opportunities Bahrain Trade offers to expand their client’s’ database. Shaikh Khalifa bin Ebrahim Al-Khalifa also confirmed the Bahrain Bourse would continue investing in the latest technologies to improve its performance, to facilitate the access to investment instruments, and to meet the high expectations of its demanding customers.
Mr. Zaid Aloul, General Manager of Mubasher Financial Services, commented the latest partnership with Bahrain Bourse would significantly facilitate the trading process and would attract more customers to both Mubasher and the Bourse. It would also strengthen the cooperation between the Bourse and the various banks it works it as it would enhance its clients’ database.