*CBFS has become the first bank brokerage subsidiary in Qatar to launch such an 'innovative' product
Pioneering innovation and leading the market with cutting-edge technology-based product offerings, Commercial Bank Financial Services (CBFS) has launched its margin trading product, becoming the first bank brokerage subsidiary in Qatar to launch such an “innovative” product.
The margin trading facility will allow clients greater flexibility, and required liquidity to trade on the Qatar Stock Exchange (QSE), and take advantage of market opportunities.
Commercial Bank group Chief Executive Officer Joseph Abraham said, “As always, we never cease to invest in innovative products. CBFS’s launch of margin trading facility marks a new achievement for the bank and its brokerage subsidiary, and further enriches our wealth management product offering.
“Margin trading is the first of the many new exciting products we have in the pipeline in CBFS for this year, which will continue to engage and enable our clients to build trading volumes and market participation rates.”
Amit Sah, Commercial Bank executive general manager and head (Retail Banking) and CBFS chairman said, “We are pleased to welcome such an innovative service to our portfolio, as the strategic vision for CBFS is to become the “Best Brokerage Business in Qatar” in terms of market share and to lead in product innovation.”
Shahnawaz Lalani, deputy general manager, CBFS said, “Margin trading facility will be offered to domestic retail customers living in Qatar. This new service supports Qatari riyal currency, and can be accessed through CBFS’s platforms and other channels; mobile application, e-trade platform and direct contact with brokers.”
Commercial Bank Financial Services, a wholly owned subsidiary of Commercial Bank, provides customers with a secure platform for trading on QSE-listed stocks, bonds and T-bills. CBFS is licensed by the Qatar Financial Markets Authority (QFMA) to carry out trade on stock exchange on behalf of customers and itself, providing Margin Trading and liquidity provider services.
The company is located at Grand Hamad Street and can be reached at 44495522 or through www.cbfin.qa
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