Al-Waseet Goes Live With TradeNet-X

Riyadh, Al Arabiyah As Suudiyah (PressExposure) October 14, 2012 -- Kuwait, Sep, 2012 - Al-Waseet Financial Business Co. (Al-Waseet) recently announced the launch of TradeNet-X, which will be made available to their customers. With this development, Al-Waseet will join the ranks of esteemed financial firms in the GCC region that are currently successfully using the latest release of the TradeNet-X platform.

Established in 1984, and currents assets under management (AUM) of KD 5 million, Al-Waseet is highly qualified in servicing their clients with speedy executions and utmost confidentiality. Over the years Al-Waseet has gathered extensive experience in the Kuwait financial markets. Their latest efforts to improve customer experience include the launch of the electronic dealing service and adoption of activities ensuring increased compliance to the ethics of the brokerage profession.

TradeNet-X is a robust trading system that combines a highly sophisticated user experience with the well established stability and rigor of the TradeNet trading platform. TradeNet-X offers an intuitive trading workspace that combines efficient order, execution & transaction management, advanced technical analysis capabilities with an integrated CRM. In addition to a customer centric focus the system provides access to trading through multiple channels including online web-based, mobile, IVR and dedicated dealer consoles. This latest release TradeNet X promises a fundamental change in the brokerage business model aimed at stimulating additional revenue.

TradeNet is the region's undisputed No.1 provider of equity trading systems for the financial industry, delivering order management solutions to over 45 banks, brokerage firms and 100K+ on-line investors across Middle East and other emerging market.

TradeNet fills an evident gap in the equity trading systems arena. Most vendors focus on either the front office functions, equity trading and order management, or the back office functions, operation and settlement for equity trading.

While the arena is witnessing mergers between different players to offer a full cycle coverage, TradeNet from its initial days was built to handle the entire process of equity order management from capture to settlement. TradeNet has always offered real-time risk management, real-time purchase power management and real-time settlement to customer accounts. This has been possible due to TradeNet's integrated architecture for equity trading.

TradeNet also features a full-fledged suite of channel applications to enable investors to manage their accounts from the internet, their mobile phones, IVR systems, or from a specialized desktop application that offers high levels of sophistication.

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Press Release Submitted On: October 14, 2012 at 11:11 am
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