To Offer Online Real-Time Trading “SICO LIVE” Solution Joins “Bahrain Trade” Network

Tuesday, February 13, 2018
In line with the Bourse's efforts to facilitate accessibility of trading, Bahrain Bourse (BHB) announced the joining of SICO to the “Bahrain Trade” network, offering its SICO LIVE online trading solution. SICO LIVE  is an innovative online trading platform that enables clients of retail banks to trade on Bahrain Bourse (BHB) via the “Bahrain Trade” platform.

The interactive platform will provide investors with real-time trading, high-tech and safety for execution of transactions as well as convenience and ease of use. It will enable investors to benefit from the investment opportunities available in all financial instruments listed at the Bourse and select what suits their objectives.

This partnership will add another key strategic partner to the online trading service powered by SICO and endorsed by Bahrain Bourse, supporting the clients and investors database, through the advanced technology and seamless solutions.

Shaikh Khalifa bin Ebrahim Al-Khalifa, CEO of Bahrain Bourse, commented: “We are pleased to have SICO onboard the “Bahrain Trade” network, given its vast experience in the local and GCC markets.  This partnership will help us expand the “Bahrain Trade” network to offer online trading to a wider client base, and is in line with Bahrain Bourse’s efforts to facilitate investors’ access to the market and better meet their needs.”

Mrs. Najla Al-Shirawi, CEO of SICO said "The SICO LIVE  platform is an integration of our unique mix of comprehensive, end-to-end solutions which provide clients with brokerage, cash management and custody services all under one roof. Clients gain access to live newsfeeds, real time quotes, price feed subscriptions and instant access to all investment account and transaction information, which empowers them to make more informed and cost-effective investment decisions. In the long run, this will result in increased liquidity on the Bahrain Bourse and a healthier stock market overall by allowing small investors to easily build and control their investments.”

“Bahrain Trade” is an innovative trading solution launched in October 2017. The solution is being powered by licensed brokers on Bahrain Bourse and has been designed to provide investors with high-tech and safety for the execution of transactions as well as convenience and ease of use. The “Bahrain Trade” network solution is currently powered by two key strategic partners whose products are subsequently offered to its client base.

SICO operates under a conventional wholesale banking license from the Central Bank of Bahrain. The Bank is a premier regional wholesale bank whose activities include brokerage, market making, asset management, investment banking and custody and fund administration. SICO specialises in providing its clients with innovative and informed investment solutions and products that covers the public capital markets in the MENA region, which are underpinned by an independent, value-added research capability.