Qatar Exchange announces the successful start of the first new exchange member since 2006
Qatar Exchange today expressed its satisfaction to see Qatari banks enter the exchange as members and start providing financial services activities, including brokerage, with QNB being the first bank to offer brokerage services at Qatar Exchange on Monday May 16th, 2011.
Mr. Andre Went, Chief Executive Officer of Qatar Exchange welcomed this step stating that “other banks will start brokerage activities in the next weeks or months in accordance with the licenses given to them by Qatar Financial Markets Authority (QFMA). These banks are Commercial Bank represented by Commercialbank Investment Services and Ahli Bank represented by Ahli Brokerage. Additional applications by some other banks are currently being reviewed by the Regulator”
Mr. Went stressed that “allowing banks to perform brokerage activities has many advantages and benefits for the exchange and the investors as well in respect of attracting foreign investment portfolios and enhancing confidence of international investors in the Qatari Market”. “The step will also contribute in improving the efficiency of the brokerage services provided through fostering competition in terms of providing the best and diversified services to investors”, he said.
“The participation of banks represents a major milestone in the development of the marketplace. It will strengthen the confidence of the international investors that Qatar is an efficient market to invest in ”, Mr. Went added.
Mr. Went expressed confidence that Qatar Exchange will achieve its strategic goal of transforming the exchange into a world-class exchange with strong domestic roots through the implementation of state-of-the-art systems and compliance with the best international practices standards.
- (c) ceoworld.biz. All rights reserved. This material may not be published in its entirety or redistributed without the approval of CEOWORLD magazine. Sign up for FREE CEOWORLD magazine site access!!!
- SPECIAL DISCOUNT- SUBSCRIBE to CEOWORLD Magazine Digital Magazine & SAVE UP TO 80% OFF. Reaching more than 85,000 Chief Executive Officers and decision making executives who serve on the boards of leading companies. SUBSCRIBE NOW!!!
Add CEOWORLD magazine to your Google News feed.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.
This report/news/ranking/statistics has been prepared only for general guidance on matters of interest and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, CEOWORLD magazine does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.
Copyright 2024 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine' prior written consent. For media queries, please contact: info@ceoworld.biz
SUBSCRIBE NEWSLETTER
