PHOTO
20 May 2016
Doha - New listings are vital to deepen the stock market and attract more capital and investors, said representatives of brokerage firms.
In a dinner organised by Qatar Exchange (QE) for managers and representatives of brokerage firms, attendees exchanged views on market developments, the challenges facing the brokerage firms and the means to reduce costs.
During the meeting, methods to develop the market and brokerage business through expansion of investors-oriented services, such as liquidity provision, margin trading, research activities and sponsored market access were also discussed.
The meeting was attended by Rashid bin Ali Al Mansoori, CEO of QE, and several QE directors. Al Mansoori stressed on the importance of having regular and frequent round table meetings with brokers and market participants to discuss important issues and proposals as a first step and then conduct a follow up on the meeting outcomes as a second step.
He pointed out that the competitiveness in the local market in general and the financial services market in particular is a positive thing since it increases the quality of services and leads to more creativity and innovation.
The brokers also discussed the high costs incurred by brokerage firms and the relatively low Return of Investment. Al Mansoori highlighted QE initiative aimed to help brokers reduce IT operational costs through hosting their network systems at the exchange in order to reduce licensing and maintenance costs paid by brokerage firms.
The CEO highlighted the importance of creativity and innovation in the Qatari capital market as a mean to achieve economic diversification, stressing that the fear of innovation and new initiatives will not go ahead with the stock exchange, but will be an impeding factor leading to lack of competitiveness with developed markets.
The attendees also stressed that the listing of new companies in the stock market enhances liquidity, trading volumes and investor confidence in the market.
Representatives of brokerage firms stressed on the importance of products diversification such as ETFs (Exchange Traded Funds) and corporate bonds in order to diversify sources of income and provide more investment solutions. In this context, they emphasised on the need to stay away from bureaucracy with regard to regulatory and licensing matters.
Al Mansoori thanked all those who attended the dinner and expressed his appreciation of the efforts made by all the parties, including brokers and government authorities, for their role in supporting investment in QE so as to serve investors and consolidate the national economy.
Doha - New listings are vital to deepen the stock market and attract more capital and investors, said representatives of brokerage firms.
In a dinner organised by Qatar Exchange (QE) for managers and representatives of brokerage firms, attendees exchanged views on market developments, the challenges facing the brokerage firms and the means to reduce costs.
During the meeting, methods to develop the market and brokerage business through expansion of investors-oriented services, such as liquidity provision, margin trading, research activities and sponsored market access were also discussed.
The meeting was attended by Rashid bin Ali Al Mansoori, CEO of QE, and several QE directors. Al Mansoori stressed on the importance of having regular and frequent round table meetings with brokers and market participants to discuss important issues and proposals as a first step and then conduct a follow up on the meeting outcomes as a second step.
He pointed out that the competitiveness in the local market in general and the financial services market in particular is a positive thing since it increases the quality of services and leads to more creativity and innovation.
The brokers also discussed the high costs incurred by brokerage firms and the relatively low Return of Investment. Al Mansoori highlighted QE initiative aimed to help brokers reduce IT operational costs through hosting their network systems at the exchange in order to reduce licensing and maintenance costs paid by brokerage firms.
The CEO highlighted the importance of creativity and innovation in the Qatari capital market as a mean to achieve economic diversification, stressing that the fear of innovation and new initiatives will not go ahead with the stock exchange, but will be an impeding factor leading to lack of competitiveness with developed markets.
The attendees also stressed that the listing of new companies in the stock market enhances liquidity, trading volumes and investor confidence in the market.
Representatives of brokerage firms stressed on the importance of products diversification such as ETFs (Exchange Traded Funds) and corporate bonds in order to diversify sources of income and provide more investment solutions. In this context, they emphasised on the need to stay away from bureaucracy with regard to regulatory and licensing matters.
Al Mansoori thanked all those who attended the dinner and expressed his appreciation of the efforts made by all the parties, including brokers and government authorities, for their role in supporting investment in QE so as to serve investors and consolidate the national economy.
© The Peninsula 2016
