Investors get access to UAE stock data on the move

Info2Cell.com has signed a deal with Dubex Securities that will lead to real time capital market data being pumped directly to mobile phones and other devices.

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By  Rob Corder Published  September 24, 2000

Info2Cell.com has signed a deal with Dubex Securities International that will lead to real time capital market data from the UAE being pumped directly to mobile phones and other devices.

Dubex will provide Info2Cell.com with data directly from its real time quotes and series of market indexes. Info2Cell.com will provide access to this data via SMS, WAP and the Web.

“This is great news for investors all over our region. They can now be immediately informed with any changes in UAE’s capital market indexes wherever they are and at any time,” said Tamim Rifai, general manager of Dubex.

“This type of information is extremely time-critical and having access to it from mobile phones will empower investors to manage their investment portfolios more effectively.”

Using Info2Cell.com’s mobile information portal, SMS subscribers set SMS triggers on the Info2Cell Web site against movements in capital market information, such as stock prices, volume trading and index movements.

Depending on the subscribers’ interests and self designed profile, when changes in the capital market occur, Info2Cell.com instantly informs them by sending SMSs directly to their mobile phones.

“For example, investors and market watchers will be able to receive SMSs on their mobiles informing them when any stock of the 48 publicly listed companies in the UAE moves up or down, or when any of the listed traded above or below a certain volume that investors themselves choose,” explained Bashar Dahabra, CEO of Info2Cell.

Subscribers can then react to the information by using their WAP (wireless application protocol) Mobiles to access the Internet and gain more in-depth information on the situation as it occurs.

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