AKD Trade is pakistan's first Online Trading site that enables investors to trade at the Karachi Stock Exchange using their PCs from anywhere at any time. AKD Trade started operations in November, 2002 and has since received an overwhelming response from investors. A division of AKD Securities, Pakistan's largest stock brokerage firm, AKD Trade's mission is to provide retail investors maximum access to Pakistan's capital markets.
AKD Trade is the first fully automated order processing system for stock trades in the country. AKD Trade has made stock trading simpler, faster, transparent and cheaper for the retail investor. AKD Trade is an eBusiness in the truest sense and in its first year of operations, has already received an overwhelming response from the retail investor base of the Karachi Stock Exchange. AKD Trade has also contributed significantly in increasing the retail base at the Karachi Stock Exchange. After the first 12 months, over 1 billion shares have been traded using the AKD Trade Online Trading System.
The retail investor needs the right kind of tools and AKD Trade has provided just those!
AKD Trade is proud to have in place a fully automated Settlement system along with the only automated Risk Management system in the country, which ensures healthy equity portfolios both for clients and the business. Within a year, AKD Trade has managed to elevate the standards of the Stock Trading business to a level unimagined in the past by either the Members or investors at the Stock Exchange.
AKD Trade, a responsible member of the Service Industry, is obligated to provide new and enhanced tools of access along with a high standard of customer service. AKD Trade has several initiatives planned for the future, such as trading via mobile phones, a fully equipped Call Centre, a country-wide branch network allowing convenient access to investors, and a whole lot more.
AKD Trade is a division of AKD Securities Ltd., the country's largest stock brokerage firm. AKD Trade was launched on the 1st of November, 2002 at a ceremony inaugurated by the Finance Minister of Pakistan, Mr. Shaukat Aziz. In addition to being the fastest way to trade stocks, AKD Trade also offers the safest way to trade because there is no human intervention in the entire order processing system.
On the 20th of May, 2003, AKD Trade reached yet another milestone when the Prime Minister of Pakistan, Mir Zafarullah Khan Jamali conducted the first real-time online stock trade through the Internet, using the AKD Trade system.
Spread of Technology
Retail investors who previously had little or no access to the KSE now use AKD Trade to conduct all their stock trading activity from anywhere at any time through the Internet. Retail investors previously could not have imagined investing their money in the Stock Markets of our country due primarily to inaccessibility to the common person. However, AKD Trade has made the dream of investing in the Pakistani Capital Markets possible for thousands of Pakistani investors all around the globe. The Retail investor and the Capital Markets of Pakistan both benefit from AKD Trade. By providing live stock market rates through the Internet and cellular phones via Pocket Stocks, the stock industry and the general public have benefited greatly.
A Pioneering initiative
AKD Securities was determined to provide an unfettered, uninterrupted stock trading experience to retail investors. Converting the idea of online trading into reality was an immense challenge, given Pakistan's poor IT infrastructure and the lack of talented human resource. To make matters even more complex, there was no tested business model with established benchmarks of performance.
After immense hard work and a variety of contributions by individuals, AKD Trade, a functional, smooth stock trading business, powered by the Internet was born. A vibrant and dynamic company, AKD Trade remains at the cutting edge of technology and customer service, bringing to its customers a steady stream of innovations to improve the trading experience.
AKD Trade Announced
After introducing real-time transactions through the Internet, AKD Trade in collaboration with Ufone launched "Pocket Stocks" on June 17 th, 2003 at a ceremony held at the Karachi Stock Exchange building from inside the Trading Hall. The Pocket Stocks ceremony was graced by the presence of The Federal Minister for IT & Telecommunications, Mr. Awais Ahmad Khan Leghari. Pocket Stocks is the first product of its kind and has been developed from the ground-up, entirely in Pakistan . It is the first application in the world that provides real time, updated stock market information to mobile phone users.
In essence, AKD Trade has brought the Stock Market to the computer screen of the investor, enabling order placement at the Stock Exchange with utmost ease. In addition to broadening the investor base of the Karachi Stock Exchange, this initiative has also helped in strengthening the capital markets of Pakistan. It is a huge step forward towards creating the right opportunities for investors to make investment decisions with convenience and towards building an investor-friendly environment in the country.