Dubai-based co likes to help digitize stock mkt operation

FE Report

Dubai-based DirectFN Ltd, popularly known as "Mubasher" likes to help digitize the Bangladesh's growing stock market operation and aware the brokers, investors as well.

"Our company now is in negotiations with the top brokerage houses of Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) on adopting our digital products on stock market operations," Emmanouil Revmatas, head of global business development of DirectFN told the FE Wednesday.

Mr Emmanouil is now in Bangladesh at the invitation of DirectFN's country partner,Technomedia Ltd.

DirectFN, a wholly owned subsidiary of National Technology Group (NTG) - one of the largest ICT companies in the Middle East, specializes in providing solutions ranging from desktop information workstations, transaction systems and order management systems through to total end to end solutions. DirectFN products, branded as "Mubasher", are deployed in some of the largest financial institutions across the Middle East and South Asia.

DirectFN is also a provider of exchange information to institutions via direct feeds or its DirectFN workstation, which includes reference data, charting tools and other content required by both the professional and retail investment community in the Middle East and global investment community.

Mr Emmanouil said that Bangladesh's growing stock market is already focused as a frontier market in the regional context and digitization of its operation will make it more robust.

"I see a lot of enthusiasm among the investors here…and the future of your market is very bright as far as digitization is concerned," he added.

DirectFN Investor Products offer a comprehensive solution that provides the financial community with a single platform to view real-time prices and related information for multiple asset classes.

The solution covers a broad range of markets from US to Europe, Middle East, Africa and Asia with the ability to focus on the different dynamics of local markets.

DirectFN Technology Solutions offer next generation order management and Straight Through Processing (STP) technology to buy/sell side financial institutions.

Technomedia managing director Joshoda Jibon Deb Nath said DirectFN solutions are powered by industry standard cutting edge technology to ensure accurate and prompt service.