Bahrain Bourse Launches the “Bahrain Trade” Service Platform

Tuesday, October 24, 2017
Khaleeji Commercial Bank (KHCB) and Mubasher signed on Tuesday, 24th of October 2017 an agreement to launch “Bahrain Trade”, an innovative trading solution that enables investors to trade on Bahrain Bourse (BHB) online via this service platform. The solution is being powered by Mubasher, endorsed by Bahrain Bourse and KHCB is the first participating financial institution to offer this unique service to their client base. The agreement was signed by Mr. Tawfeeq Mohamed Bastaki, Chief Risk Officer - Acting CEO of KHCB and Mr. Zaid Aloul, General Manager of Mubasher Financial Services at Bahrain Bourse premises in the presence of Shaikh Khalifa bin Ebrahim Al-Khalifa, CEO of Bahrain Bourse and executive management members.

Commenting on the signing of the agreement, Mr. Tawfeeq Mohamed Bastaki said “In order to stay abreast of changes within the technological landscape of new-age trading and to keep up with investors’ demands with no limits to their daily trading routines, we continuously invest in modern technology and this new trading application is the latest demonstration of our commitment to KHCB’s strategic goals.”

Mr. Bastaki added “This solution will target retail clients with an appetite for active trading. The platform will make the process easier by facilitating their trades through an application that will be available through smart devices, which is expected to be launched by the bank in the first quarter of 2018.”

For his part, Shaikh Khalifa bin Ebrahim Al-Khalifa, CEO of Bahrain Bourse said, “We are pleased to have KHCB come onboard as the first Participating Bank in Bahrain Trade. We strongly believe in Bahrain Bourse in investing in the latest technological advancements and applications to meet investors’ ever-changing expectations and at the same time, encourage an active retail participation in the market. This innovative solution goes in line with Bahrain Bourse’s strategy to facilitate investor access.”

 “This service that has been awaited by investors will contribute to linking investors directly to the trading floor through an interactive platform that will allow them to benefit from the investment opportunities available in all financial instruments listed at the Bourse and select what suits their objectives without the need for dealing with a broker as it is being currently applied,” Shaikh Khalifa said.

“We are looking forward to having other banks and financials follow the step taken by Khaleeji Commercial Bank by joining this service to enjoy the range of opportunities that Bahrain Trade can offer to widen their clients’ services,” Shaikh Khalifa added.

Mr. Zaid Aloul, General Manager of Mubasher Financial Services said that Mubasher continues to enhance its partnership with Bahrain Bourse by providing innovative solutions in order to facilitate trading at the Bourse in which this agreement is one of the important achievements supporting our strong relations with the Bourse.

“This is an important step towards offering innovative ways of trading. We will continue to strengthen and enhance this partnership with various banks going in line with our efforts of enhancing our clients base,” Mr. Aloul added.

It is worth mentioning that “Bahrain Trade” is Bahrain Bourse’s latest customer-centric initiative jointly led and powered by Mubasher, one of the licensed brokers on Bahrain Bourse and the Middle East Region’s leading brokerage services provider that has been designed to provide investors with high-tech and safety for execution of transactions as well as convenience and ease of use.

Financial institutions interested in launching Bahrain Trade’s Solution may contact Bahrain Bourse’s Marketing and Business Development Team on (+973) 17108780 or email [email protected] for further information.