Al Safwa, a Sharia compliant financial services company, has deployed Reuters Order Routing (ROR) enhancing the brokerage system Tradis, provided by 3i Infotech to help trade across the GCC countries.

With the go live of ROR, Al Safwa  will be able to trade  across the GCC Markets increasing their client portfolios and presence across GCC countries. It is one of the significant developments for the brokerage application provided by 3i Infotech, as now the application can accept and send trades in all GCC countries and also allows the brokerage firms to trade across markets which is the most significant trend coming up as an upsurge to revive from recession.

Tradis, the integrated broker office solution from 3i Infotech is a comprehensive solutions suite for stock brokers and traders, providing them with absolute control over the entire trading process from order to settlement. It streamlines and integrates all operations spanning front-office, risk management and back-office, cost-efficiently.

Al Safwa has been using Tradis solution since 2006 and the Al Safwa management selected upgrade of the existing Tradis solution across various modules. With the upgrade the application will be more tuned to the needs of Al Safwa and its clientele.

“The online ROR connectivity was a major aspect of the upgrade to Al Safwa and with this Al Safwa will be able to enhance their businesses in the region,” stated Ashish Dass, SVP and head – Mena 3i Infotech.

“This is a major step in the company’s efforts to upgrade and modernise the way we offer services to our clients. With this implementation we expect to streamline the business process and service our customers better,” added Yakoob A Saeed, CEO, Al Safwa.-TradeArabia News Service