Technology will rule the broking business in capital markets across the Arab World, putting greater thrust on need of more sophisticated tool to cover risk, expand client base far and wide, achieve higher volumes, increase profit and optimise infrastructure cost, according to Mubasher, the premier provider of e-financial solutions. In a presentation at the 1st Conference on IT Risk Management and Business Continuity in Arab Financial and Stock Markets, held recently in Beirut, Mubasher pointed out the need to enhance adoption of next-generation brokerage technology to meet the growing demands in the market to better serve both retail/institutional customers as well as to enhance operating efficiency of brokerage houses
Mubasher Total Brokerage Solution (MTBS) is a state-of-art next-generation brokerage solution, providing access to all Arab capital markets as well as major international exchanges on a single trading screen. The solution is designed to expand horizontally and vertically, considering the potentials of new products that the exchanges may introduce in future. The solution readily offers multi language support including Arabic, French and English, and is able to handle multiple currencies, asset classes effortlessly.
Mubasher further revealed that adopting next-generation brokerage technology will promote the expected trend, as it offers a wider range of strategic benefits, including better risk adjusted returns, availability of risk management tools for fund managers and considerable small capital expenditure on Infrastructure and technical support with use of Mubasher’s ‘Software as a Service’ (SaaS) offer. SaaS is an innovative offering by Mubasher, to the brokers in the region to outsource the Technology Infrastructure and concentrate on their key competencies i.e. expansion of Broking business.
According to Mubasher, in future, the settlement cycle will get shorten as the market players equip themselves with complete implementation of Straight Through Processing (‘STP’). Straight Through Processing ("STP") is a mechanism used in the financial world to optimize and automate the end-to-end processing of transactions of the financial instruments.
Manjula Jayasinghe, Senior Executive, Mubasher opined: "We expect the institutional participation in the regional markets to increase over time, as some of the regional markets are getting classified as emerging markets, allowing international funds to take exposure to these markets, and also due to increasing interest from retail investors looking for market exposure via professionally managed funds. There is a great potential in offering newer financial products to attract investment interest from different classes of investors. Implementing the right technology will be crucially important in this ongoing process, as this will allow more transparency and faster response to the investors apart from realising their objectives of increasing trade volume and boosting profit margins."
Mubasher showcased its extensive range of e-financial solutions and trading tools during the two-day conference, which gathered decision-makers from all Arab stock markets, Arab clearing houses, Arab brokerage firms, and Arab investment & commercial banks. Mubasher's products and services are offered through various lines of businesses: Mubasher Market, which covers market data from over 30 regional and international exchanges; Mubasher.info, the region’s most popular financial portal; and Mubasher Technology, which delivers next-generation trading technology in 11 countries in the MENA and Asian regions; and Mubasher Financial Services, which provides intermediary brokerage service and order routing to over 30 exchanges.
"Mubasher is perfectly suited to satisfy the technology requirements of retail and institutional investors alike, as we can provide them with the right tools to execute their strategies. Our participation at the 1st Conference on IT Risk Management and Business Continuity in Arab Financial and Stock Markets is an important step in creating awareness about Mubasher's superior e-financial solutions and excellent value-added services.” added Jayasinghe.
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