National Technology Group launches Real-time Saudi stock market information dissemination services

For the first time in the kingdom, investors can watch Saudi stock market information in real-time from the comfort of their homes or offices. NTG has signed an agreement with Tadawul to receive Real-time Saudi stock data feed.

With MUBASHER, subscribers can view on their Computer screens, dynamically updating Real-time Prices, Time & Sales, Corporate Actions, News, Charts, Market Depth, Alerts, Portfolio, Top Gainers, Losers and much more in Arabic and English. MUBASHER's extensive personalization capabilities allow subscribers the freedom and flexibility to view the information they want and in the form they want.

Mr. Abdullah Al Suweilmy, General Manager of Tadawul said, "This partnership with NTG is part of our strategy for promoting access to the Saudi Stock market information. The objective is to make real-time market data accessible to the different user segments via multiple channels".

According to Engr. Mohammed Rashid Al-Balla, Chairman of NTG, "MUBASHER is a world-class product that is a result of extensive research, several man years of software development efforts and huge investments in Infrastructure. MUBASHER empowers investors with information and tools that help them track market trends and make Time-critical decisions."

He further added "MUBASHER has been widely accepted in the kingdom with 9 out of 10 Banks using the service either in-house or sponsoring it for their clients. The user base has grown consistently to 2000 as of last month. While continuing to invest in enhancing the services and upgrading the infrastructure, NTG is building on a comprehensive Broker Resource Planning (BRP) System. BRP is a fully integrated Broker back office and front office system with On-line trading capabilities. BRP would help the new brokers cut the time to market and launch their businesses with a clear competitive advantage.

NTG is also working on an ambitious plan of integrating feeds from the various stock exchanges of the Arab world into a Pan Arab trading and information dissemination network facilitating cross border trading."

MUBASHER offers a comprehensive range of productized services to address the diverse needs of customers in different segments of the market:

MUBASHER Pro : A Workstation product packed with features and functions targeted at the Banks, Brokers, fund manager and active investors
MUBASHER Net : A Streamer version that has all the basic features that a retail investor looks for delivered in a user-friendly interface
MUBASHER Mobile : A Unique product that allows upwardly mobile investors to watch the market real-time on their PDA's or Pocket PC's using a GPRS connection
MUBASHER SMS : Allows subscribers to request for real-time stock quote or receive stock alerts on their Mobile phones.

MUBASHER Applications and Databases are hosted on a fully redundant and highly scalable infrastructure comprising of high performance servers, Routers, Communication links and other Network Equipment. The entire infrastructure and applications have been designed to ensure there is no single point of failure. MUBASHER applications receive and process data feeds from all markets and disseminate the information real-time to different target users.

MUBASHER system provides for flexible connectivity options to cater to the needs of Banks/Brokers and Individual Investors.

Banks connect to MUBASHER servers through a point-to-point or Internet leased line. The system has been designed to leverage Banks' existing network to distribute information to its branches by making optimal utilization of bandwidth. Individual Investors connect to MUBASHER Servers over a dial-up or DSL or satellite based Internet connection.