Local brokerage house Financial Fund Advisors (FFA) announced this week the introduction of real-time stock trading, allowing its clients to buy and sell US stocks through accessing a special web page. FFA Chairman Jean Riachi is expecting the new service to add an additional 200 clients to the company’s existing customer base of around 800.
FFA’s move reflects Lebanese investors’ focus on international equity markets and positions the firm as the first financial institution to offer online trading activities. In addition to stock trading, FFA’s clients will be able to check their account balance, manage their portfolio, and view their transactions’ history. The firm will charge a flat-rate fee for trades of up to 2,000 shares with a minimum account opening balance of $500, while collecting variable commissions on larger accounts. — ( Banque du Liban et d'Outre-Mer Sal )
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