Technology

Webull Becomes First Digital Broker in Thailand to Offer US Stock Options for Retail Investors

Published

2 weeks ago

November 8, 2024

BANGKOK, Nov. 8, 2024 /PRNewswire/ — Webull Securities (Thailand) Company Limited (“Webull Thailand”), a subsidiary of Webull Corporation, owner of the popular US trading platform, today announced that it is the first digital broker in Thailand to offer US stock options. The new product offering comes just after Webull Thailand’s recent launch of US index options trading for investors, also a first for a digital brokerage in Thailand. This milestone sets a new benchmark in the local brokerage market, expanding investment opportunities for local investors seeking to invest in US stocks.

A Response to Rising Retail Investor Demand

In step with Thailand’s rapid adoption of innovative financial technology initiatives, Thailand’s retail investors are becoming increasingly sophisticated, which creates demand for greater access to global markets. Leveraging the experience and development of products by Webull’s subsidiaries operating in neighbouring countries, Webull Thailand has been able to expedite the rollout of US stock options for local investors.

By offering US stock options alongside Webull Thailand’s existing suite of products, investors will now have access to real-time OPRA/CGIF market data, comprehensive trading tools including custom option chains, unilateral option strategies, option stock pickers and price tracking tools. Through these tools, investors will be better equipped to navigate the rising and falling trends of US stocks and indexes, and develope risk management techniques in managing their stock portfolio exposure and performance. Through the Webull platform, investors will also be able to place multiple order types, such as market orders, limit orders, stop orders, stop-limit orders, take-profit stop orders, etc., when trading US stock options. Additionally, within the first month of the launch of US stock options, Webull Thailand will reward investors with zero commission trading.

Webull Thailand’s introduction of US index and stock options will further enhance the opportunity to tap into one of the most widely traded financial markets globally, providing a powerful tool for diversifying investment strategies and allowing for risk management, hedging, and alternative investment opportunities. Investors looking to mitigate risk exposure for their existing portfolios can also leverage US index options, which recently launched on Webull. US index options also provide leverage, where investors can control a larger position with a smaller capital outlay, therefore magnifying the potential gains or losses for local Thai investors investing in the US market.

Chonladet Khemarattana, CEO, Webull Thailand, said, “Webull’s technology strength and global product suite has enabled us to be the first digital broker in Thailand to offer investors US stock options, providing Thai investors with access to additional tools to diversify their portfolios across our existing suite of US equity products. Using our experience and go-to-market strategies, we remain committed to delivering new innovations and features that will enable investors to take full advantage of global financial markets and instruments.”

With this latest offering, Webull aims to solidify its position as a market leader in Thailand’s broking industry, delivering cutting-edge products and services tailored to meet the unique needs of Thai investors. Webull Thailand’s platform is designed to provide investors with a seamless and enjoyable investing experience. This announcement complements other existing features on the Webull Thailand platform, including 24/5 Thai customer service, competitive and transparent pricing, 24-hour trading, real-time quotes and multi-platform accessibility.

Market commentary and insights by Chonladet Khemarattana, CEO, Webull Thailand

According to Mr. Khemarattana, “With the Fed’s recent rate cut and increasing market volatility across the US and Asia-Pacific due to economic and geopolitical uncertainties, the introduction of US stock options in Thailand is timely. Options are especially useful in volatile markets, allowing Thai investors to capitalize on price swings regardless of market direction.”

“The Fed’s decision to lower interest rates also signals a potential shift towards a more accommodative monetary policy, altering expectations for long-term economic growth of the US which may influence market trends and sentiments and impact the pricing of longer options, therefore, providing investors with alternative investment options through US stock options.”

To learn more about Webull Thailand’s US stock options product, more information is available on the website: https://www.webull.co.th/en/

ENDS

Media contact:

Cognito for Webull
Webull@cognitomedia.com

About Webull

Webull is a leading digital investment platform built on next generation global infrastructure. The Webull Group operates in 15 regions globally and is backed by private equity investors located in the United States, Europe and Asia. Webull serves 20 million registered users globally, providing retail investors with 24/7 access to global financial markets. Users can put investment strategies to work by trading global stocks, ETFs, options, futures and fractional shares, through Webull’s trading platform. Learn more at https://www.webullcorp.com/.

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SOURCE Webull Securities (Thailand) Company Limited

Technology

Max Stock Limited Announces Change in Shares Held by an Interested Party

Published

3 hours ago

November 24, 2024

CAESAREA, Israel, Nov. 24, 2024 /PRNewswire/ — Max Stock Limited (TASE: MAXO(; )the “Company”, “Max Stock“) today announced that on November 20th, 2024, Phoenix Financial Ltd. and Phoenix Investment House Ltd. (“Phoenix reporting group”), including their respective nostro account, provident funds and provident fund management companies, as well as mutual fund management companies and market maker sub entities, informed the Company that they had sold shares of the Company thereby lowering their joint holdings to 4.8% of the Company’s issued capital (4.15% and 0.65% respectively). As a result, Phoenix reporting group will no longer be an interested party in the Company.

This is an English translation of segments of a Hebrew immediate report that was published on November 24, 2024 (Ref. No: 2024-01-618032) (hereinafter: the “Hebrew Version”). This English version is only for convenience purposes. This is not an official translation and has no binding force. In the event of any discrepancy between the Hebrew Version and this translation, the Hebrew Version shall prevail.

About Max Stock

Max Stock is Israel’s leading extreme value retailer, currently present in 64 locations throughout Israel and 2 locations in Portugal. We offer a broad assortment of quality products for customers’ everyday needs at affordable prices, helping customers “Dream Big, Pay Small”. For more information, please visit https://ir.maxstock.co.il

Company Contacts:

Talia Sessler,
Chief Corporate Development and IR Officer
talia@maxstock.co.il

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SOURCE Max Stock Limited

Technology

Qatar Development Bank announces strategic investment in global Islamic FinTech, Wahed

Published

7 hours ago

November 24, 2024

DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.

Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.

Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.

Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”

About Wahed

Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.

For more information, visit: www.wahed.com

About Qatar Development Bank

Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.

For more information, visit: https://www.qdb.qa/

SOURCE Wahed

Technology

Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region

Published

7 hours ago

November 24, 2024

DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.

On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”

Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.

His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.

As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.

Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”

About Wahed

For more information, visit: www.wahed.com

Photo – https://mma.prnewswire.com/media/2566076/Wahed_MENA_Khalid_Al_Jassim.jpg

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