Mobile stock trading takes flight in the Middle East

Short Description
plans to make stock trading as ubiquitous as the ordinary. mobile phone. … trading solution would eliminate these manual processes …

Website: hsenid.com | Filesize: 1030kb

Content
The Kuwait and Middle East Financial Investment
Company (KMEFIC), which pioneered electronic
trading in Kuwait with the launch of Alawsat.com,
has once again broken new ground with the
introduction of a mobile stock trading solution that
enables its customers to trade in up to seven markets in
real-time, whilst they are on the move.
The solution, Alawsat Mobile for Java-enabled
mobile phones, was developed by hSenid and
completes KMEFIC’s comprehensive trading product
suite. It was also the first mission-critical application
to be launched by KMEFIC on an open source
platform, resulting in considerable cost savings for
the company.
FI NANCI AL SER VI CES
CUSTOM ER SUCCESS STOR Y
Mobile stock trading
takes flight in the
Middle East
www.hSenidMobile.comis a leading asset
management and
financial services company established in 1984 and listed
on the Kuwait Stock Exchange in July 1997. It is a licensed
brokerage for several capital markets in the Middle East
including the Kuwait Stock Exchange, Dubai Financial
Market (DFM), Abu Dhabi Securities Market (ADSM) and
Saudi Financial Market (TADAWUL).
In 2002, KMEFIC launched Alawsat.com, the first electronic
real-time trading system to be based in Kuwait. There
are currently about 20,000 registered users on
Alawsat.com giving KMEFIC the biggest on line
customer base amongst brokerage firms in the country.
A PC based investment application Alawsat Pro followed,
offering traders more powerful functionality and decision
making tools. It had a PDA/smart phone version which
ran on the Windows CE operating system.
By then, KMEFIC was already making its mark as a
technology savvy brokerage house. Customers could
trade in multiple markets using a single application.
KMEFIC
Solution deployed
mStockTrading - an application that enables stock
brokers to allow their clients to conduct straightthrough
trading of stocks on a stock exchange. Mobile
users with Java enabled handsets can perform stock
trading transactions based on a vast array of real-time
information…