The Egyptian Capital Market Authority has licensed another four brokerage firms to provide online trading services in the Cairo and Alexandria Stock Exchanges, according to CMA head Hani
Sarie-Eddin. In special remarks to Noozz, Dr. Sarie-Eddin said the companies include Delta, CIBC, EFG-Hermes and NILEone BROKERS. Three week earlier, the CMA licensed Arabia
Online Company as the first brokerage firm to provide online trading services to investors in CASE. The Egyptian market regulator encourage introduction of online trading services at local
brokerage firms, hoping this will avoid many disputes over investors' orders, especially as the initiative proved successful in Gulf countries and the United Arab Emirates. Electronic trading will
improve performance, as the CMA hopes, in about 130 brokerage firms' members of the CASE.
-Ends-
About NILEone BROKERS
NILEone BROKERS is a licensed Egyptian Stock Brokerage company that is committed to facilitating business to clients through innovative investment tools and services. NILEone BROKERS and Orion Brokers have joined their expertise to provide a fully integrated platform for trading on both the local Egyptian market and the international capital markets. "Orion WebTrader" is a multi-lingual system that allows for seamless trading across many markets by combining hundreds of instruments into one platform. NILEone BROKERS is a subsidiary of Orion Holding Overseas, a group of financial companies that meet investors' demands by specializing in brokerage services, asset management, corporate finance, and IT solutions.
For more information, contact:
Neveen H. Gad
Marketing & Communication Manager
NILEone BROKERS Co.
Press Release 2006
© Press Release 2006
