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Royal Capital Ltd is going to introduce its own Order Management System (OMS) named 'Tradefast', to provide smooth and advanced technological solutions to its clients.
To this end, Royal Capital and Quant Fintech signed an agreement at the Royal Capital’s corporate office in Dhaka on Thursday, says a press release.
M Munir Ahmed, managing director of Royal Capital, and Nateq Benazir Ibn Minar, managing director of Quant Fintech, signed the agreement on behalf of their respective companies.
Mamun Rashid, COO, Anwarul Islam, Head of Trade, high officials from the Business Development and IT departments of Royal Capital, and Md Jabed Hossen, director and CEO of Quant, among others, were present at the signing ceremony.
This is a significant step toward improving online trading capabilities and delivering cutting-edge financial technology solutions, says the press release.
Royal Capital, established in 1996, is a top-tier brokerage firm in the country, has constantly led the way in utilising technology to deliver seamless brokerage services to its extensive client base.
Royal Capital is a member of both bourses – Dhaka and Chittagong Stock Exchanges and it operates 27 offices across the country.
The company’s emphasis on technological innovation has resulted in several ground-breaking features, including NID-verified online BO account opening, online account information updates, IPO applications and multi-channel customer service support via phone, messengers, emails, and WhatsApp.
Quant Fintech Ltd is a well-known provider of financial technology solutions, contributing its skills and experience to the collaboration.
Quant Fintech is renowned for providing efficient and cost-effective services to stock market brokers and merchant banks. The company is also known for its unrelenting commitment to innovation.
'Tradefast' is the official name of Royal Capital’s order management system which represents a substantial advancement in online trading capabilities.
This cutting-edge solution allows Royal Capital clients to trade from anywhere in the world. The technology lets investors trade on the Dhaka and Chittagong Stock Exchanges simultaneously, providing them unprecedented convenience and flexibility, said the company.
Aside from trading, “Tradefast” provides investors with extensive research tools, access to stock and market-specific news, a 24-hour order placement facility, customizable alerts, market sentiment analysis, sector-specific insights, and even an exchange arbitrage facility.