JRG opens investor club
UAE has innumerable clubs for sports, arts, entertainment, but the one of the first private sector investor club in the country was inaugurated in Dubai to provide access to real time data and information and a trading platform for retail and corporate investors.
The investor club was opened last week by a leading Indian financial services firm targeting individual investors, companies, management students and commodity traders who will get professional assistance and technical support on their finger tips to trade in stocks, commodities and foreign exchange. An International Trading Hall has been designed to provide hands-on trading experience along with free access to latest research tools and software. The club doors will be open to management students and business students of professional colleges and educational institutions.
As many investors who have burnt their fingers in dealing with unknown stock and commodity markets, professional advice and technical knowledge is crucial to minimise loss and maximise profit from investments. The new club is located at the City Tower 2 on Sheikh Zayed Road.
The IBMC-Investor club floated by JRG International is the first of its kind in the UAE benefitting both retail and corporate investors, said Gautam Shashittal, Chief Operating Officer, Dubai Multicommodities center (DMCC).
Inaugurating the club, he said the launch of IBMC Investors club comes at an opportune time as it gives members an opportunity to access a pool of expertise as well as training tools needed to make crucial investment decisions. “DMCC is proud to support such initiatives which fuel the growth of the regional investment industry,” said Gautam.
He said DMCC will support initiatives to set up more investor clubs in Dubai, Sharjah and other Emirates. JRG International will soon inaugurate similar clubs in Sharjah and Abu Dhabi. The clubs will remain open from 8am to 11.30pm to coincide with the trading hours in major international and domestic markets.
Sajith Kumar PK, Chief Executive Officer and Director, JRG International, said anybody interested in knowing the investment techniques can become members. The trading room is connected to most of the stock markets and commodity exchanges including Nasdaq, Indian stock exchanges and various commodity exchanges. Club members can get all relevant information about a company like the share price history, financial data and in commodity trading, price trend for last ten years. Access to club premises will be regulated with the access control card and members can use the service in any of the investor clubs across the UAE.
“Members of the investor club will get a lot of charts, data and market sensitive news and information about various companies and products that they intend to trade in. They can also get instant information about how to book a profit or loss. Hezza Mohammed, Chairman and Managing Director, JRG International Brokerage said while releasing the first investor club member card.
JRG International is a financial institution licensed by the DMCC and regulated by Emirates Securities and Commodities Authority (ESCA). It is also a member of the Dubai Gold and Commodities Exchange (DGCX).