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HSBC Saudi Arabia Ltd. signs with National Technology Group

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In its continuous endeavors to develop its investment products and services, HSBC Saudi Arabia Ltd. has recently signed an agreement with National Technology Group "Mubasher" to provide a new generation of e-trading services in the regional and global markets. This step follows HSBC Saudi Arabia's efforts throughout the past months to develop the electronic trading systems and services in the local equity market.

HSBC Saudi Arabia Ltd. offers security brokerage services through its latest systems to ensure fast execution of orders and settlement of transactions in all principal global markets. Osama Shaker, MD and Head of Financial Markets, HSBC Saudi Arabia Ltd. said "We are happy to offer a new generation of brokerage services for trading in regional and global security markets. These services will enable our customers to access financial markets through multiple channels and reflect our commitment to provide best investment services to them". He added "This agreement was signed with National Technology Group "Mubasher" in view of their long and extensive experience in this field, making them a leading institution in providing technical solutions to trading systems".

Dr. Walid AlBalaa, Managing Director of Mubasher commented on the event saying "We are very pleased to sign this agreement with HSBC Saudi Arabia Ltd., a leader of integrated investment services" He added "NTG will continue its efforts to provide latest technologies and trading systems for brokerage business in the financial markets".