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Tradenet
Wed February 22 2012 21:06:55 PM
200,000+ investors          43 customers           11 years of STP experience            5 Countries             7 Arab Stock Markets             3 Service Centers             200,000+ investors          43 customers           11 years of STP experience            5 Countries             7 Arab Stock Markets             3 Service Centers             200,000+ investors          43 customers           11 years of STP experience            5 Countries             7 Arab Stock Markets             3 Service Centers             200,000+ investors          43 customers           11 years of STP experience            5 Countries             7 Arab Stock Markets             3 Service Centers             200,000+ investors          43 customers           11 years of STP experience            5 Countries             7 Arab Stock Markets             3 Service Centers             200,000+ investors          43 customers           11 years of STP experience            5 Countries             7 Arab Stock Markets             3 Service Centers            
BankDhofar goes live with TradeNet

BankDhofar, as part of its on going initiatives towards enhancing customer experience, the bank recently went live with TradeNet, a new and advanced software system for the Brokerage Division. The system is directly integrated with the Muscat Securities Market, and can enable dealing in various markets and multiple currencies in the future, giving the Bank an option to offer trade access to other global markets soon.

The implementation of the system was achieved through a professionally planned and executed program encompassing multiple rounds of rigorous testing and simulation exercises. 
 
In the first phase, the brokers will be able to place client orders on the MSM through "TradeNet" software system installed at BankDhofar Brokerage Division. Clients will be required to place verbal or written orders with licensed brokers who would place the orders on the MSM. 
 
With the second phase the Bank will expand the TradeNet delivery channels to Internet Trading and Mobile Trading and will offer real time access to other GCC exchanges. The Bank is also in the process of entering into tie ups with brokerage firms in the GCC to offer wider market access to its brokerage clients. 
 
During the second phase implementation, clients will be able to place orders on a real time basis through various channels such as internet and mobile on the Muscat Securities Market and other GCC stock market. 
 
Mr. Issam Baqer, Manager Brokerage, said: "The new system gives us the advantage of multi-market access, powerful tools for order management and a wide variety of delivery channels to satisfy investor needs." 
 
Customers of the bank who desire to trade online will need to open an investment current account by contacting their branch or the brokerage division who would initiate their request. 
"TradeNet provides our customers with a richer banking experience, enabling them to monitor their stock portfolios at any given time with convenience" said Mr. Mohammed Redha Jawad, Acting CEO, BankDhofar. 
 
"Buying and selling at will gives customers full control over the direction of their trades." 
 
Intensive training was conducted for all brokerage staff in their respective areas of functioning.