HSBC Saudi, Mubasher sign e-trading deal
Riyadh, November 17, 2013
HSBC Saudi Arabia has signed a deal with National Technology Group ‘Mubasher’ to provide a new generation of e-trading services in the regional and global markets.
Under the agreement, it will offer security brokerage services through its latest systems to ensure fast execution of orders and settlement of transactions in all principal global markets, said a statement.
Osama Shaker, MD and head of Financial Markets, 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.”
Dr Walid Al Balaa, managing director of Mubasher, said: “We are very pleased to sign this agreement with HSBC Saudi Arabia, a leader of integrated investment services.”
“NTG will continue its efforts to provide latest technologies and trading systems for brokerage business in the financial markets,” he added. - TradeArabia News Service