Brokerage firm Mubasher will start providing online trading services on the Bahrain Stock Exchange (BSE) from today.

BSE director Fouad Rashid praised Mubasher's initiative and wished them success.

He said that BSE has finalised, during the first half of this year, all technical requirements to prepare the environment to introduce the online trading to brokerage companies that should meet all the requirements set by the bourse in order to be entitled to provide the service to their clients.

Rashid hoped that other brokerage firms would follow Mubasher's step as online trading is a remarkable progress in securities trading.

'It also provides investors with many advantages to benefit from the available opportunities and enable them to follow up their investments on the spot,' he said.

Mubasher's director engineer Rashid Al Ballaa said that the company will start at this stage providing online trading to institutional clients, and it will be available to all investors during the first quarter of next year.

'Mubasher started providing this service following the completion of all requirements of BSE,' Al Ballaa said and added that this initiative comes in line with Mubasher's continued efforts to provide an advanced electronic trading platform to its clients that entitles them to trade from home or office, monitor and control their portfolio as well as follow up their investments.

'It also provides our clients with tools of technical and financial analysis that rationalise their decisions regarding their investments based on accurate information.'

In April last year, BSE launched online trading service to brokerage firms registered at the exchange and licensed by the Central Bank of Bahrain.

Online trading allow investors to input their bid and offer orders into the broker's online trading platform that will automatically pass those orders to BSE's trading system using the internet, without human intervention in any of the stages.-TradeArabia News Service