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Kuwait Stock Exchange cuts costs

Kuwait Stock Exchange has deployed Al-Faris’ Acorde Context solution as it looks to decrease transaction cycle times.

Kuwait Stock Exchange has deployed Al-Faris’ Acorde Context solution as it looks to decrease transaction cycle times and reducing processing costs within its departments.

Based on the Windows platform, the software provides the stock exchange with the ability to search and retrieve documents within its stock and information trading, accounts payables and contracts departments.

By speeding trade information, payables, receivables and contract administration processes, user productivity should also be increased.

Abdullah Al-Saiji, head of the auto doc & archival section of Kuwait Stock Exchange, explains that the seamless integration of Acorde with KSE's stock exchange application provides a single point of access to all documents from within the existing application.

“[This] makes them [employees] trade fairer and more efficiently than ever before, while improving competitiveness in the market and increasing justice and equality between traders,” he says.

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