Shuaa boosts capital markets platform
Dubai, February 10, 2014
Leading UAE investment bank Shuaa Capital has elevated its capital markets platform to global institutional standard with the deployment of keys solutions from technology services firm SunGard.
Shuaa said it has become the first to go live with SunGard’s Front Arena, an advanced sales and trading system that provides a transparent and reliable platform with fully-integrated access to regional and global markets.
The implementation of SunGard’s Front Arena will help the Dubai firm to develop a competitive advantage as its sales and trading capabilities evolve to higher global standards, said a senior official.
Front Arena will provide Shuaa with a single platform through which it can expand and develop its services over time, in addition to helping it enhance operational efficiency and client service.
“Shuaa’s enhanced sales and trading business is built on the premise of providing a client-centric suite of products and services. This means offering a global institutional standard trading platform and the capacity to offer clients access to regional as well as international securities," remarked Sheikh Maktoum Hasher Al Maktoum, the executive chairman of Shuaa Capital.
“Domestic and international investors are increasingly looking for automated and transparent trade execution, whether in equities, fixed income or derivatives, which we are now able to offer along with SunGard,” he stated.
Russ Fradin, the president and CEO of SunGard, said: "Shuaa’s commitment to offering its clients access to the latest global industry standard and consistently high levels of service matches our own."
"This region is an important focus for our customers both locally and around the world, and we look forward to helping customers like Shuaa grow and benefit from the many opportunities that continue to evolve here," he added.-TradeArabia News Service
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