Orion TradeSoft getsTadawul certification
Dubai, August 10, 2008
Orion TradeSoft, a member of Orion Holdings said its flagship product, E-Brokerage’s 2.0 has received Tadawul certification to trade on the Saudi stock market.
The company is one of the few non-banking companies in Saudi Arabia to be certified after passing all Tadawul trading tests first time around, said an official.
This is a significant milestone for Orion as the Saudi Arabian market is by far the largest of MENA stock markets in terms of revenue projections, volumes and opportunities.
The Tadawul Certification has been developed by leading consulting company McKinsey and utilizes best practices in mature global capital markets.
’This achievement places Orion TradeSoft on the map as a regional financial IT solution heavyweight,’ said Sherif Mohamed, general manager, Orion TradeSoft.
’Now we have the unique ability to not only provide a comprehensive online trading platform but also provide access to global financial markets with an ever growing list of financial exchanges and instruments for investors to trade,” he added.-TradeArabia News Service