Mubasher clients can now trade in the major European markets
Mubasher, the premier provider of e-financial solutions and a subsidiary of National Technology Group (NTG), has announced that it has appointed KBC Securities to be its executing broker and custodian in Europe. KBC Securities is the fully integrated equity house of KBC Group, employing 500 staff globally.
The partnership enables Mubasher clients to conduct trade activities beyond MENA markets and into several European markets under a single trading platform. Mubasher further announced that it will continue to establish strategic alliances with leading brokers from various high-growth markets worldwide, creating a new layer of value-added services to its clients by opening opportunities to expand their portfolio in different international markets.
Malek Kanawati, CEO, Mubasher, said: "The new partnership with KBC Group is a very important component of Mubasher's ongoing global expansion program as it provides our clients with a vital link to key markets across Europe. Responding to the expectations of our customers to be able to conduct trading activities in different international markets, Mubasher has joined forces with strategic partners to develop a centralised trading platform that offers the same level of convenience, advanced functionalities and user-friendliness that our customers have been accustomed to. Mubasher will continue to establish strategic alliances and expand our presence across a much wider-range of global markets, empowering customers with the best and most powerful trading tools that meet their specific requirements."
Shafi Wahid, Head of Execution Broker Network, Mubasher, said: "Mubasher will take advantage of the expertise and experience of KBC Securities in key European markets to develop personalised solutions and create greater value for our customers. This partnership has opened exciting opportunities that enhance the investment potential of our clients and boost their confidence to conduct trade activities in European markets."
Luc Aspeslagh, Managing Director-CFO, KBC Securities, said: "Mubasher is a highly reputed institution in the Middle East and North Africa with a very impressive portfolio of investors from the MENA region. We have prepared thoroughly for this partnership as we are fully committed to provide the best trading tools and value-added services and help Mubasher clients expand their investment activities across European markets."
Mubasher has also earlier signed a similar agreement to appointed Kim Eng Holdings Limited, the Singapore-based leading securities and investment broker in Asia, as its executing broker in the Far East. The agreement has allowed Mubasher clients to trade in markets in Singapore, Hong Kong, Malaysia, Indonesia, Thailand and the Philippines.
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About MFS:
MFS, a closed joint stock company that is part of NTG and Direct Broker KSA, closed joint stock companies incorporated in Kingdom of Saudi Arabia, has been established to provide DMA in multiple markets across the Middle East to regional and international institutions. The 'single-counterparty' relationship offered by MFS for trading and settlement means that trading across multiple exchanges in the region has become a reality as it eliminates the need for clients to establish multiple platforms and individual relationships. Aside from the GCC and the greater MENA region, MFS also executes for clients in major markets in Europe and USA.
MFS also offers competitive rates and a variety of dealing options, including DMA, contingency orders, algorithms & worked orders via phone. Other key services and value-added features of MFS include dealing desk to take orders over phone to work orders to benchmarks (i.e. VWAP, %VOLUME, Implementation shortfall), providing full audit trail, technical research, broker research, market colour and flow characteristics; full fundamental, historical and real-time data with leading charting and technical analysis, integrated with all major networks.
About NTG:
NTG is a group of companies specialised in the field of information and communication technology, providing specialised solutions according to the highest international quality standards.
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© Press Release 2011
