The system is directly integrated with the Muscat Securities Market, and can enable dealing in various markets and multiple currencies in the future, giving the bank an option to offer trade access to other global markets soon.
In the first phase, the brokers will be able to place client orders on the MSM through TradeNet software system installed at BankDhofar Brokerage Division. Clients will be required to place verbal or written orders with licensed brokers who would place the orders on the MSM.
With the second phase the bank will expand the TradeNet delivery channels to Internet Trading and Mobile Trading and will offer real time access to other GCC exchanges.
The bank is also in the process of entering into tie ups with brokerage firms in the GCC to offer wider market access to its brokerage clients.
During the second phase implementation, clients will be able to place orders on a real time basis through various channels such as internet and mobile on the Muscat Securities Market and other GCC stock market.
