Special Systems contracts Bemo Saudi Fransi Finance
Bemo Saudi Fransi Finance has chosen Special Systems to support its brokerage operations with the through "front to end" brokerage solutions that include back office systems and Order Management Systems to be connected to the Damascus Securities Exchange which is expected to officially open early March.
“After an extensive market study, we set our minds on adopting Special System’s brokerage solutions, because of their extensive track record and their ability to meet our and the DSE's technical needs. Special Systems met with several parties from the Damascus Securities Exchange to thoroughly understand their systems and the orderliness of the operations" Mr. Omar Al Ghraoui, COO of BSFF said.
BSFF is a Syrian private Joint-Stock Company that commenced operations in April 2008. The Strategic founders of BSFF include Banque Bemo Saudi Fransi, Alfadel Group, and Generation ALFA. It is worth noting that BSFF's main founder (Banque Bemo Saudi Fransi) was the first private bank to operate in Syria in over 40 years.
Special Systems is a software provider for major brokerage firms and investment banks in the Middle East. It was established in 1978 in Amman Jordan, and its presence has grown to include markets in Jordan, Qatar, UAE and recently Syria. Since its foundation, SSC has succeeded in establishing itself as a leading provider of brokerage solutions in the Middle East.
Mr. Alaa Abu Al Aish, marketing and sales manager at SSC, said:" We are proud to be the brokerage solutions provider of BSFF. We look forwarding to meeting all ongoing requirements and to meet the future developmental needs of our systems as the market evolves."
The inauguration of the Damascus Securities Exchange is a key turning point in the Syrian Economy, giving BBSF the opportunity through its subsidiary BSFF to widen its services and to maintain its distinction as the first private bank in Syria and the first licensed brokerage company to receive DSE membership benefiting from SSC's interoperability and customizable solutions, proven time and time again.
