Established in 2007, XChange Business Solutions (XBS) - U.A.E. was incorporated within the Dubai Internet City (DIC) to provide an array of sophisticated customizable turnkey financial IT solutions to the financial services industry operating in the Middle East and North Africa (MENA) region. XBS based in the DIC, which is a strategic base for companies targeting emerging markets in a vast region extending from the Middle East to the Indian subcontinent, and Africa to the CIS countries, covering 2 billion people with GDP $ 6.7 trillion.

XBS clients are brokerage companies, investment firms, asset management companies and banks operating within investment-related fields. Due to escalating demands by clients and the necessity to closely provide an efficient and effective after-sales service, in late 2007 XChange Business Solutions – Egypt was established, located in Cairo, Egypt. XChange Business Solutions – Egypt is in charge of clients located in the North African region while XChange Business Solutions – U.A.E. covers clients located in the Gulf Cooperation Council (GCC) region.

XBS flagship software solution, my Broker^TM Suite, developed in-house after a rigorous and thorough process of Research and Development (R&D) to create sophisticated solutions that would provide brokerage houses leverage among their local peers while assisting in their expansion to other MENA regional markets. myBroker^TM Suite is a complete end-to-end solution which covers front, middle and back office operations for brokerage houses operating in the MENA region. myBroker^TM Suite provides clients of brokerage houses instant direct access to their trading accounts in their respective financial market, flexibility placing, executing and amending orders routing them in less than a millisecond thereby preventing front-running and poor turnaround time at market peaks by brokers. It should be noted that myBroker^TM Suite consists of:

§       LiveTrader^TM Professional WorkStation (WEB / Client Releases)

§       WAVE CRM^TM covers customer relationship management (CRM), real-time accounting system , operational/risk management system, market data feed and FIX engine.

myBroker^TM Suite covers various financial instruments, but not limited to, such as Stocks, Bonds, Sukuks, Global Depository Receipts (GDRs), American Depository Receipts (ADRs), exchange traded indices, exchange traded funds (ETFs), treasury bills and commercial paper. myBrokerTM Suite enables brokerage houses to perform, but not limited to, the following functions buy/sell trading, short-selling, interest on cash balances, Overdraft (without collateral) and margin-trading (with collateral). myBroker_TM Suite is compatible with market rules/regulations in addition to automated trading systems used by stock exchanges in the MENA region.

XBS'S Solutions include complete front, middle and back office operations for financial services institutions. Read more.