Quantum leap in electronic stock market trading | Quantum leap in electronic stock market trading -
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Quantum leap in electronic stock market trading

Jordan: Thursday, May 04 - 2006 @ 12:29

MSE service will allow customers dealing in financial markets to monitor stocks and follow on-floor trading on the screens of their mobile phones live and in real time as it happens at the main stock market.

The application will enable customers to perform their trade transactions and buy and sell orders in a safe environment that adopts the highest standards of security and confidentiality. For the first time in the Middle East, MSE application will provide the adequate infrastructure to connect customers with financial brokerage companies via wireless communication companies.

In addition to supporting both the Arabic and the English languages, the service can be adjusted to meet the needs of the customers since they can filter the process of watching stocks on their mobiles to include only the stocks or the sectors they’re interested in. Moreover, users can read daily and weekly financial analysis which will keep them up to date with the happenings and the direction of the bourse.

Javna’s Chief Executive Officer, Mansour Mansour stated that the aim of creating such application is to ease the burden of customer’s daily monitoring to the stock market and provide them with more freedom.

Mansour said,

“Through MSE, we try to provide customers in the stock market with the space they need; therefore, we programmed certain features so that the application can monitor the stock market and stock changes on behalf of the user. For example, the Intelligent Alert feature notifies users whenever one of their desired shares comes close to the highest of lowest limit they set.”

Regarding the mechanism of the Intelligent Alert, Mansour illustrated that it is done by an alert message displayed on the mobile screen of the user. In case the user shuts down the program, the application will send an SMS to the user. Users can set the number of alerts they get regarding the price of a certain share or shares available for trading, opening and closing price, and best buy or sell.

At the same time, MSE allows users to create a Virtual Portfolio on their mobiles so it will look exactly like real portfolios in date and information. This will help users assess the value and the performance of their real portfolios according to the financial market indexes.

As to the application’s security and safety, Javna’s Technical Manager Khaled Gharaibeh said, “The system enjoys well-built and solid infrastructure fortified with series of security and technical measures, which provides the highest standards of security and confidentiality for users. After every deal users make, whether buy or sell, they will receive first confirmation message to process the deal and a second one after the deal is done.”

It is worth mentioning that the application enables customers to connect to more than one bourse, whether Arab or international, to monitor and complete different commercial trades. Also, users can build several mutual investment portfolios’ among different stock markets.

The MSE guarantees the steadiness and stability of connecting with the bourse in proficiency higher and faster than the Internet, which might be liable to technical impediments and high website traffic hampering the clarity of the connection.

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Thursday, May 4- 2006 @ 12:29 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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