Boursa Kuwait Launches ‘Spe­cial Trades’ trans­ac­tions

Kuwait Times - - BUSINESS -

In line with the com­pany’s dili­gence to ad­dress mar­ket needs Boursa Kuwait an­nounced to­day the launch of ‘Spe­cial Trades’ trans­ac­tions, af­ter re­ceiv­ing fi­nal ap­proval from the Cap­i­tal Mar­kets Author­ity (CMA).

Boursa Kuwait Vice Chair­man and CEO, Khaled Ab­dul­raz­zaq AlKhaled said: “Boursa Kuwait seeks to in­tro­duce new tools and prod­ucts that will first and fore­most, fa­cil­i­tate the trad­ing process for in­vestors, and en­hance the over­all sta­tus of the ex­change by pro­vid­ing long due so­lu­tions that will al­low them to man­age their in­vest­ments more ef­fi­ciently”. AlKhaled added “This is one of many tools the com­pany aims to launch in the stock mar­ket, and we will con­tinue to work to­wards im­prov­ing the in­fras­truc­ture and busi­ness en­vi­ron­ment of the ex­change to cre­ate a ro­bust, trans­par­ent and fair cap­i­tal mar­ket plat­form.”

“I would like to thank The Cap­i­tal Mar­kets Author­ity for their co­op­er­a­tion and hard work for this project, and I would also like to thank the Kuwait Clear­ing Com­pany for their con­tin­ued sup­port in ‘Spe­cial Trades’ trans­ac­tions as­sign­ment.”

Boursa Kuwait re­cently an­nounced the launch of a mar­ket wide con­sul­ta­tion for the Mar­ket Mak­ers Rule­book draft, which has also been made avail­able on the Boursa Kuwait web­site. The ini­tia­tive comes in line with Boursa Kuwait’s mis­sion to re­in­force the el­e­ment of trans­parency in all its op­er­a­tions; and to en­gage stake­hold­ers to en­sure an im­pact­ful and suc­cess­ful end re­sult.

Khaled Ab­dul­raz­zaq AlKhaled

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