Mubasher, the premier provider of e-financial solutions in the region and a subsidiary of National Technology Group (NTG), has announced an initiative to deal with connectivity lags encountered by Mubasher Pro Version 8 users because of high traffic volumes overloading KSA’s local internet routes. Mubasher has reassured users in the Kingdom of continued real-time stock market information service with Mubasher Pro Version 8, the latest high-performance version of the real-time stock market information service.
Mubasher has installed Site Connection Managers (SCMs) at Internet Service Providers (ISPs) across Saudi Arabia. The SCMs serve as mirrors of the Mubasher portal, and are linked via direct high speed connection to Mubasher’s central data centre. Each SCM costs approximately SR (Saudi Riyal) 50,000. The new configuration allows Mubasher users to receive price quotes and information in real time, irrespective of ISP or current traffic loads on the KSA network.
Mubasher’s decision to invest in SCM sites follows a sharp upsurge in Mubasher’s popularity that resulted in unexpectedly high traffic volumes overwhelming the bandwidth of the ISP-hosted country-wide intranet, which in turn resulted in investors experiencing delays in receiving stock updates.
Eng. Mohammed Al Ballaa, Chairman, National Technology Group (NTG), said, “Mubasher’s innovative real-time financial services have seen very high demand in the Kingdom of Saudi Arabia, resulting in connectivity issues for some of our users. We are co-operating closely with the ISPs towards resolving the issue, and have temporary extended a network of SCM mirrors throughout the Kingdom to absorb traffic until Saudi Telecom Company can upgrade its network to optimally deal with demand for services. We have taken prompt action to address user issues, and we are working towards further initiatives that will further enhance service delivery quality.”
Mubasher Pro Version 8 is a highly advanced real-time service that can be run on a workstation via a powerful windows client application. Most suited for banks, investor lounges, branches, dealers, fund managers, portfolio managers and active investors, the service allows investors to view a wide range of information organized in multiple windows on a single screen enabling access to 80 stock exchanges worldwide.
About Mubasher
A subsidiary of National Technology Group (NTG), Mubasher is the first bilingual (Arabic & English) real time stock market information service and online trading engine in the UAE. The first of its kind in the region, Mubasher is a world-class product that offers features and functions found only in products that serve international markets. Mubasher empowers investors with information and tools required to track market trends and make profitable decisions from the comfort of their homes or offices on their PCs and Laptops. Mubasher has been designed, developed and perfected for the local market. More information on Mubasher can be obtained on www.mubasher.net
About NTG
National Technology Group (NTG) is a leading ICT holding company operating across the MENA region. NTG is rapidly expanding into new geographies, setting up joint ventures, incubating new ideas and launching new ICT initiatives. Mubasher Market and Mubasher Trade are two new initiatives by NTG to provide real-time market information and online trading capability to investors in the Arab world. Mubasher currently serves a large subscriber base and has played a key role in helping the markets move towards transparency and efficiency. More information on NTG can be obtained at www.ntg.com.sa
