Text size:

  • Small
  • Normal
  • Large
Etisalat, in co-operation with Market Simplified, a US-based software firm, has launched the UAE's first mobile-trading service.
Etisalat, in co-operation with Market Simplified, a US-based software firm, has launched the UAE's first mobile-trading service.

Live market information a phone call away

Etisalat and US based software company, Market Simplified, have developed mobile phone access to stockmarket information.

Consumers can do just about anything on their mobile phones these days.

Beyond e-mail and web browsing, banks are increasingly rolling out smartphone services, allowing clients to check account balances, pay bills and even buy a carton of milk at the corner store.

And now, for those interested in the Dubai Financial Market and the Abu Dhabi Stock Exchange, buying and selling stocks just became a whole lot easier.

Etisalat, in co-operation with Market Simplified, a US-based software company, has launched the country's first "mobile-trading service", where customers of participating brokerages can receive timely information, allowing them to make trading decisions.

In other words, users can have real-time access to live financial markets via their smartphones, making buying and selling as easy as sending a text message.

"Trading in financial markets requires instant real-time information to make informed and intelligent decisions," says Abdulla Hashim, the senior vice president of business solutions at Etisalat.

"The rich set of features provided by Etisalat's mobile trading platform will provide our customers with a unique experience.

"With the launch of such an omnipresent medium, we are confident that the trading volumes will increase, with the increasing convenience and flexibility to trade."

The program is now available to all major brokerages in the UAE, and traders should inquire about access through their local representatives.

Mobile trading is available to anyone with a broadband internet connection on their phone.

Market Simplified has established similar programs around the world, offering mobile trading services in the US, South Asia and Singapore. The company, established in 2007, currently works with brokerages including TD Ameritrade, OptionsXpress, FXCM and ChoiceTrade. The secure service works on most major phones, including BlackBerry, iPhone and Andriod and Symbian devices.

According to Venkat Rangan, the chief executive of Market Simplified, the company has seen a 4 per cent to 6 per cent rise in trading volumes within months of deploying the platform. The development of the program is seen as an important stepping stone for the emerging UAE markets.

The service delivery model requires "minimal investments" from the brokers. Meanwhile, Etisalat will provide multiple operating systems and language support for both English and Arabic speakers.

"With our extensive technology experience combined with the unmatched penetration of the Etisalat network, we are confident that this service will be very well received in this region," Mr Rangan says.



Back to the top

More articles

Editor's Picks

 The Greens, villas: Q1 no change. 3BR - Dh210-250,000. 4BR - Dh210-260,000. 5BR - Dh220-300,000. Q1 2013-Q1 2014 5% rise. Pawan Singh / The National

In pictures: Where Dubai rents have risen and fallen, Q1 2014

Find out how rental prices in the prime locations in Dubai have altered during the first three months of the year and the current rates you will pay according to data provided by Asteco.

 Above, the private pool of Ocean Heights' five-bedroom penthouse flat. Courtesy Christie’s International Real Estate

In pictures: Penthouse flat is height of Dubai luxury living

A five-bedroom penthouse in Ocean Heights in Dubai Marina is on sale for Dh25 million and comes with a private pool and an unparalleled view of Dubai.

 The cooling towers of the Temelin nuclear power plant near the Tyn nad Vltavou in Czech Republic. The country wants to continue expanding nuclear energy capacity despite cancelling a tender to build two new units. David W Cerny / Reuters

In pictures: Best business images for the week to April 17, 2014

Here are some of the best business images for the week to April 17, 2014.

 Three generations of the Hakimi family tend to their stall Crawford Market in Mumbai. Subhash Sharma for The National

In pictures: Shopper’s delight at Crawford Market in Mumbai

Crawford Market is an old British-style covered market dealing in just about every kind of fresh food and domestic animal imaginable. Later on renamed Mahatma Jotirao Phule, the market remains popular among locals and visitors by its old name, taken from Arthur Crawford who was the first municipal commissioner of the city.

 The Wind, Energy, Technology and Environment Exhibition takes place from April 14 to April 16. Above, the Dewa showroom during last year’s Wetex. Jaime Puebla / The National

April corporate and economic calendar for the UAE and overseas

From Cityscape to Wetex to stock-market holidays to nations reporting first-quarter GDP figures, here is our helpful calendar of April's business events in the UAE and internationally.

 Get the latest information on credit cards, bank accounts and loan products in the UAE. Mark Lennihan / AP Photo

Rates report: Latest on UAE loans, accounts and credit cards

Souqamal.com brings you the latest interest rates on banking products in the UAE.


To add your event to The National listings, click here

Get the most from The National