SICO launches MENA-wide online trading platform
Securities & Investment Company (SICO), licensed by the Central Bank of Bahrain as a conventional wholesale bank, has announced the launch of a MENA-wide online brokerage trading platform — “sicolive.” This secure multi-functional service will enable clients to trade in real time across all the region’s key markets from a single account that can be managed through their desktop computers, laptops and mobile devices.
Najla Al-Shirawi, chief executive of SICO, said: “The new online service signals a further integration of our unique mix of comprehensive, end-to-end solutions, which provide clients with brokerage, cash management and custody services all under one roof. It also reflects SICO’s deep expertise in providing customized solutions with exceptional reliability and scalability to all our clients.”
She added: “Live newsfeeds, real time quotes from any MENA market and instant access to all account and transaction information allow for a seamless and secure trading and account experience.
The aim is to further empower our clients, helping them to keep closer track of the market and make better informed and more cost effective investment decisions. “sicolive” is an intelligent trading platform that promotes ease of use and high- performance, with risk mitigation as a central consideration.”
Fadhel Makhlooq, head of SICO Brokerage: “As one of the most advanced systems of its kind in the region, ‘sicolive’ features the highest levels of functionality and security. It will enable institutional and retail clients to engage in direct trad- ing and manage their accounts with greater convenience, ease and flexibility. The multi-functional platform offers a range of services including the option of real time quotes and price feed subscriptions, as well as access to news and announcements released by regional stock exchanges.
“The new platform leverages the unique market insight of SICO’s research team. Our experienced analysts cover over 90 percent of major GCC-listed companies, of which half are blue-chip, top-tier entities active in key sectors such as banking, telecoms, industrials, real estate and construction, health care and consumer. This integration of research and execution will provide investors with critical market intelligence to make the most informed investment decisions from their trading screens,” he added.