During the past week Shaukat Aziz, Federal Minister
for Finance and Economic Affairs opened a new chapter in the
Information Technology and the Capital Market by inaugurating the
first on-line trading service. The akdtrade.com is a fast and
informative electronic trading site through which investors can buy
and sell stock at the Karachi Stock Exchange, through the Internet.
AKD Trade is designed to change the way investors think about stock
Speaking at the occasion, Shaukat Aziz termed this
a major step in facilitating investment activity in the country.
"With the streamlining of the financial sector and deployment of
technology, new and more efficient ways of doing business are being
introduced that would, in turn, contribute to the economic growth and
development. One such advancement is what we are witnessing today —
the freedom to trade in stock 24-hours a day through the
Internet", he said.
"On-line stock trading has become very popular
and most coveted activity worldwide. Compared to real world trading,
on-line trading gives an individual the leverage to control and decide
on various options. This deployment of modern technology takes one
directly to the stock exchange this making trade and investment easier
than ever. Availability of liberal market access would significantly
contribute to successful realization of wide ranging economic reforms
Pakistan is engaged in at the present", Shaukat added.
Earlier, in his presentation the Chief Executive of
AKD Trade, Ali Ansari said, "With the launch of AKD Trade, we
will be providing all investors with a level service which was only
available to a few privileged. We have set ourselves the demanding
target of doubling the existing number of active investors in the
While demonstrating the working of on-line trading
and the unique features of the service, he elaborated, "AKD Trade
is all about facilitating the investors. In addition to on-line
trading we are rolling out branches that are equipped with the latest
computer technology, well trained and experienced sales team and
professional trading environment in all the major urban centres of the
AKD Trade is a division of Aqeel Karim Dhedhi
Securities Limited (AKD Securities), a corporate member of Karachi
Stock Exchange. AKD Securities is the innovator in the capital
markets. The leading brokerage house has assembled a core team of
expert professionals with a high level of integrity, financial acumen
and industry experience. It has not only initiated on-line trading but
also established venture capital, concluded the first ever
securitisation, the largest TFC issue and the biggest merger and
AKD Securities has emerged as a leader in equities
market as result of the first successful IPO in Pakistan in the year
2000, after a lapse of three years. It acted as the placement agent
and underwriter for the WorldCall issue.
AKD Securities also acted as deal broker on the
largest private sector acquisition in Pakistan history of Dhan Fibres
by Dewan Salman Fibre, a Rs 4.2 billion deal. It also advised and
arranged the Rs 1.8 billion TFC issue of Dewan Salman Fibre to finance
the acquisition of Dhan Fibres, then the largest issue of its kind by
a private sector company in the history of Pakistan.
The success and overwhelming response of public of
AKD Trade can be gauged from a fact that within 24 hours of the
launching, the hits exceeded 100,000. The other plus points are that
AKD is a showcase of Pakistani technology. Virtual Trade Automated
Management System (VTAMS) is a web-based automated ordering system
that delivers a high degree of control and robust scalable solutions.
THE EVOLUTION OF BROKERAGE INDUSTRY
firms offer investors not only stock trading services but also
extensive research and investment advice.
houses are able to cut
away most of the frills (which many investors don't want anyway) and
offer buy and sell services at a discount.
entities handle stock trades almost exclusively over the Internet.