JS Global Capital has finalised an agreement with Mubasher of Dubai to introduce the next generation of online trading system in Pakistan. The JS Group has always played an important role in leading the development of local stock markets and with the signing of this agreement, will reinforce that commitment to Pakistani investors.
Soon a JS Global client will have access to online trading options on the Karachi stock exchange and subject to regulators approval, the Dubai Financial Market and Abu Dhabi Securities Market from the comfort of their own home. The inclusion of the Dubai and Abu Dhabi markets would make the JS Global platform the first multi-exchange online environment in Pakistan offering the widest range of market options to investors.
The Mubasher system will also offer a fast, secure and simple online service to investors due to its foreign design and operation under the FIX protocol. Both these features are a first for online trading platforms in Pakistan.
Mr. GM Malkani, CEO of JS Global, outlined that, “this is the beginning of JS Global’s strategy to provide online financial solutions to its customers. Integrating the state of the art Mubasher system with the online banking service provided by JS Bank will be stage two of our development plans. Mr. Rizwan Khan is heading this project and the three different trading terminals of the Mubasher system will be available to our customers as soon as the deployment and testing phase is complete.”
JS Global Capital Ltd, with long term rating of AA by PACRA, is a subsidiary of Jahangir Siddiqui & Company Limited. The company started its formal operations in September 2003. The principal activities of the company are share brokerage, money market and foreign exchange brokerage, equity research, advisory and consultancy services. In 2006, Global Investment House K.S.C.C. (Global), a leading Kuwait headquartered – regional investment bank, made an investment of US$37mn in JS Global through an acquisition of 42.8% equity stake.
