AMMAN (JT) - The Amman Stock Exchange (ASE) launched on Sunday the Market Watch Live programme through its website.
According to an ASE press release, the step comes as a realisation of its policy in fostering disclosure and transparency in the Jordan capital market.
"The programme, which was in-house developed, will enable investors at the ASE to follow-up their investments live day-to-day," the press release said adding that the ASE seeks to provide, a fair and efficient market to meet investors' needs.
Jalil Tarif, the chief executive officer of the ASE, highlighted the new service noting that it would contribute to increasing investment in securities in Jordan, especially since it will provide live information to the investors worldwide.
"This service comes in line with the ASE's efforts to improve ways of information dissemination, which will help investors in taking the right investment decision," Tarif said in the press release.
He explained that the programme provides several services such as market depth inquiry (best 5 buy and sell orders), latest 20 executed orders, best 10 increasing companies and most decreasing ones in stock price, best 10 companies according to trading volume, graph that shows change in index value and company price.
"This service comes as an important step to introduce the Internet trading service, which is under final testing," he indicated.
Tarif said that there are three varieties of the programme which suit the requirements of investors. They differ in the quantity and the quality of the provided information. The first choices is a free-of-charge version with 15 minute-delayed information. The second choice is a version that aims at enabling investors to watch the securities trading and it basically serves investors who are interested in watching a specific number of stocks live during the trading session with the possibility of adding and removing stocks from the list.
The third choice is an advanced version that entitles investors to watch the entire securities traded and to make more than one list of selected stock that can cover all listed securities. This choice is characterised by advanced qualities since it is directed at senior investors. It also needs special equipment such high-speed connection and high-tech appliances. As for the third version, it will be the previously mentioned free version.
The chief executive officer concluded that the programme will be available on the ASE website for free during the first month while the market depth service will be temporarily suspended during the free period since all required information will be available within the programme, then it will be re-activated.
© Jordan Times 2007
