BHB launches online trading platform

Manama : Khaleeji Commercial Bank (KHCB) and Mubasher signed yesterday an agreement to launch “Bahrain Trade”, an innovative trading solution that enables investors to trade on Bahrain Bourse (BHB) online. 

The solution powered by Mubasher is endorsed by Bahrain Bourse. KHCB is the first participating financial institution to offer this unique service to their client base. 

The agreement was signed by Tawfeeq Mohamed Bastaki, Chief Risk Officer - Acting CEO of KHCB and 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 agreement, Tawfeeq Mohamed Bastaki said, “The platform will make the process easier by facilitating 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 explained that the services will link investors directly to the trading floor through an interactive platform. 

This, he said, will allow investors benefit from all investment opportunities available in all financial instruments listed at the Bourse. 

Shaikh Khalifa also pointed out that the service enables investors to select “what suits their objectives without the need for dealing with a broker.”

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

Zaid Aloul, General Manager of Mubasher Financial Services said, “This is an important step towards offering innovative ways of trading.  “We will continue to strengthen and enhance this partnership with various banks,” 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 safety for execution of transactions as well as convenience and ease of use.