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Local news - Economy

First transaction through remote exchange system was executed in Khartoum Stock Exchange

Khartoum, March 8 (SUNA) - The first transaction through the remote trading system has been executed through the use of the mobile phone application in the Khartoum Stock Exchange by Sanabil Securities Company.
This came after the launch of the remote swap system in the Khartoum Stock Exchange, which is expected to facilitate the process of trading for investors. On March 1, the remote trading system was launched on the listed securities in the Khartoum Stock Exchange after the completion of all the arrangements related to the electronic trading system in its second phase. The first phase, which was launched in January 2012, was the beginning of electronic trading from inside the market premises in order to move on to the second phase of trading remotely through brokerage firms, where the system enable the broker companies accredited to the Khartoum Stock Exchange from trading securities listed in the market from their places of existence without the need to be in the electronic trading hall. The system also will help in spreading the culture of investment in securities between the sectors of investors by allowing trading through modern technologies such as trading on the Internet and mobile applications.