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CSFBdirect-eUnion Sharpens Online Brokerage

 

  
YEAR 2001 PRESS RELEASES

 

 

CSFBdirect-eUnion Sharpens Online Brokerage

Announces introduction of Streaming, Real-Time market information.

 

 

  April 17th, 2001 

  Online Investors in the Middle East can now access instantaneous information on US stock market activity as it happens. CSFBdirect-eUnion, the Middle East’s first online brokerage firm and part of the global network of US online brokerage pioneer CSFBdirect, has introduced a new tool to its website that will provide its customers with streaming, dynamic real-time information on US stock markets.

 Quicken Quotes Live (QQL), co-developed by CSFBdirect-eUnion and the leading personal finance website in the US Quicken.com, is the ultimate trading tool for the serious investor. QQL will introduce a variety of services to the website, including real-time streaming quotes, Nasdaq Level 2, charts, news, in-depth market analyses as well as Real-time Alerts of activity in specific areas of interest. A key feature of this tool is its ability to customize information according to investor requirements. 

 “Transaction transparency and a wealth of market information and research - These are two of our major strengths that are encouraging an increasing number of investors in the region to turn to us where generally traditional brokers have been unable to deliver”, explained Ali Zahed, President of CSFBdirect-eUnion. “Through QQL, online brokerage will take a real step towards providing streaming, real-time information that is automatically updated, without the need to reload web-pages continuously”.

 CSFBdirect is offering this facility to its customers in the Middle East first. The main advantage of the facility is that it will give customers the assurance that they are basing their investment decisions on real-time instantaneous information. The facility is specifically important for investors during periods of high fluctuation and market activity, allowing them to monitor stock performance and view fluctuations ‘tick-by-tick’.

 CSFBdirect-eUnion, which was voted Best Financial website in a recent survey conducted by ArabianBusiness.com magazine, introduced the Middle East to the concept of online broking last year when it opened a regional office in Dubai Internet City. With a regional presence, international standards, access to valuable market information and the right technological infrastructure, CSFBdirect-eUnion is equipped with the right tools to steer investors in the region towards this novel form of brokerage.

 The facility will be exclusively available for free to CSFBdirect-eUnion customers in the Middle East through a software package delivered to them.

 About CSFBdirect-eUnion

CSFBdirect-eUnion is a joint venture between CSFBdirect, the pioneer of online investing in the United States and the online brokerage service of Credit Suisse First Boston, Capital Union, a major Bahrain based regional investment bank, and Webtrade eVentures, an e-commerce company focusing on the development of online financial services in the Arab world. CSFBdirect-eUnion can be accessed at www.CSFBdirectME.com

 

-         Ends –

 

Issued on behalf of CSFBdirect-eUnion by Gulf Hill & Knowlton, Dubai.

For further information please contact

Ms. Basma Alwesh
Telephone +971 3 34 4930
Fax          +971 3 34 4923
e-mail       balwesh@hillandknowlton.co.ae

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