NCB Capital Up Grades ITS Free Online Trading Platform
Additional features enhance investor decision making and trading
NCB Capital, the investment banking arm of National Commercial Bank, Saudi Arabia’s largest bank, has upgraded its free online trading platform Tadawul Basic to provide investors with a range of user-friendly new features including expanded analytic and trading tools.
NCB Capital was the first provider in the Kingdom to introduce free online trading. Today, its brokerage business has the largest number of clients and in the last year executed nearly 12 million trades, averaging over 1million trades per month.
The new features to Tadawul Basic include:
• Trade Summary – this report will help clients to view realized profits & losses occurred in a certain time period (30 days) within the previous six months.
• Advanced Calculator – this feature will enable the client to view the portfolio holdings, pending orders, commission, and the profit percentage. All of these will be displayed in one window.
• Basket Order – eases the selling and purchase of more than one stock by sending multiple orders at press of a button.
• Additional reporting functionality – new pie charts demonstrating the portfolio assets and a monthly e-statement that allows the client to view all the transactions he/she made in his/her portfolio account. Additional data in the My Portfolio feature show portfolio holdings, pending orders, commission, and profit percentage. All of these will be displayed in one window
“We have added these new features to make our Tadawul Basic service even more convenient to use and to provide more information to facilitate investors’ decisions. We believe this will be helpful in the cautious investment climate that currently prevails,” said Hani Al Shuwair, Head of Brokerage at NCB Capital. “These additional features reinforce Tadawul Basic’s position as the most popular free online trading service in the Kingdom.”
Through technologically advanced systems and state-of-the-art programming, NCB Capital offers its clients a wide range of market leading brokerage services, covering local Saudi, regional and international stock exchanges. Working with personal brokers, independently on-line, or through Saudi Arabia’s first Interactive Voice Response System, the bank’s clients receive a peerless service.
