HSBC Saudi in e-trading deal with NTG
Riyadh, November 17, 2013
HSBC Saudi Arabia has signed an agreement with National Technology Group (NTG) “Mubasher” to provide a new generation of e-trading services in the regional and global markets.
The Saudi bank offers security brokerage services through its latest systems to ensure fast execution of orders and settlement of transactions in all principal global markets.
Osama Shaker, the MD and head of Financial Markets, HSBC Saudi Arabia, said “We are happy to offer a new generation of brokerage services for trading in regional and global security markets. These services will enable our customers to access financial markets through multiple channels and reflect our commitment to provide best investment services to them.”
"The deal was signed with Mubasher in view of their long and extensive experience in this field, making them a leading institution in providing technical solutions to trading systems," he added.
Dr Walid AlBalaa, the managing director of Mubasher, said the National Technology Group will continue its efforts to provide latest technologies and trading systems for brokerage business in the financial markets.-TradeArabia News Service