The newly established licensed margin trading provider, Capital Trust Credit (Pvt) Ltd, which commenced business on March 26, has had an unprecedentedly successful start with the company activating over 500 new margin trading accounts within the first week of operations and continues to have similar demand.
Margin trading facilities allow stock market investors to pledge their share portfolios to obtain credit facilities for the purpose of purchasing more shares. "Our company normally approves and activates Margin Trading facilities to investors - irrespective of their portfolio size, in just 30 minutes," Capital Trust Credit Director Methmal Seneviratne said.
Capital Trust Credit has been able to cope with such a large number of clients due to the state-of-the-art margin trading system developed by Capital Trust Information Technologies (Pvt) Ltd. This margin trading system is integrated with the back office system of Capital Trust Securities (Pvt) Ltd. and the entire process is fully automated.
"Our primary aim is to serve all our smaller retail clients with portfolios valued at less than Rs 1 million, who are often not accepted by most other financial institutions, so that they could continue trading with credit facilities even after the deadline set by the authorities," Capital Trust Credit Director Tushan Wickramasighe said.
source - www.dailynews.lk
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