Kuwait City: Boursa Kuwait and TradingView, a US-based charting and trading social platform, announced a data sharing partnership that will allow TradingView to provide its 30 million users and approximately one million paid subscribers with access to Kuwaiti capital market data.
TradingView delivers financial intelligence and state-of-the-art tools to help traders make informed trading decisions. Available in 18 different languages, TradingView grants its users access to real-time charts as well as alerts on every device for price, indicators and strategies, and comprehensive financial analysis that offers an extensive volume of fundamental data for all major stock exchanges through its website and smart applications.
The partnership is in line with Boursa Kuwait’s efforts to provide data to investors and traders and supports its goal of developing an informative, transparent, and tool-rich exchange platform, capable of providing products and services efficiently for issuers and investors as well as improving the exchange’s standing regionally and worldwide.
"The partnership with TradingView will contribute to the realization of some of the core tenets of our strategy,” said Boursa Kuwait CEO Mohammad Saud Al-Osaimi. “Boursa Kuwait seeks to increase the investor base and facilitate access to the Kuwaiti capital market. The company is committed to the continuous development of the market, adopting international standards and practices as well as providing qualitative information across multiple channels, raising the status of our market and driving investments to it.”
Boursa Kuwait takes into account the diverse needs of its various stakeholders and plays a key role in the stability of the Kuwaiti capital market by ensuring that its participants are informed of the latest developments in the wider investment community.
TradingView CEO Denis Globa also commented on the partnership, saying: “This strategic partnership with Boursa Kuwait enables us to leverage TradingView’s unmatched reach and engagement with retail investors, to bring the Kuwaiti capital market and its participants to a wider audience worldwide. I am excited about the partnership with Boursa Kuwait, one of the most recognized stock exchanges in the Middle East.”
Since its inception, Boursa Kuwait has worked diligently to create a thriving capital market that attracts local and foreign investors through a broad spectrum of new products and services, infrastructure upgrades, as part of its multi-phase market development plans.
The company was fully privatized in 2019, the first government entity in the country to successfully undergo the process, bringing about greater levels of efficiency. Boursa Kuwait also self-listed in September 2020 and has made great strides in sustaining its operations and business continuity in the face of uncertainties and challenges.
Over the past few years, the company has rolled out numerous market reforms and new initiatives as part of its comprehensive multi-phase market development (MD) plans. The company also showcases some of the standout listed companies and the investment opportunities that reside in the Kuwaiti capital market through its series of Roadshows and Corporate Days, putting these companies in touch with some of the world’s leading investment firms and financial institutions and highlighting their financial health and business strategies and outlooks, in an effort to help investors gain an in-depth understanding of the benefits and opportunities of investing in Kuwaiti companies.
ABOUT BOURSA KUWAIT
Since it was established by the Capital Markets Authority to take over the responsibilities of the Kuwait Stock Exchange in 2014, Boursa Kuwait has worked diligently to build a progressive exchange platform based on efficiency and transparency, with a view to creating long-term value for the company’s stakeholders in the economic, social and environmental dimensions.
Guided by a mission-driven strategy that focuses on developing the market in line with international standards, Boursa Kuwait has successfully introduced innovative investment tools, reinforced transparency, and restructured the market to increase its competitiveness and liquidity. The company’s market developments and enhancements have contributed to the reclassification of the Kuwaiti capital market to “Emerging Market” status in the world’s top three indices, strengthening Kuwait’s position as a leading financial center in the region. A self-listed exchange, Boursa Kuwait is the first government entity in the country to successfully undergo privatization.
For more information about Boursa Kuwait’s initiatives and its latest developments, please visit www.boursakuwait.com.kw.
Contact: Ahmad Alowaish