Muscat Securities Market (MSM)

1
Muscat Securities Market (MSM)

• MSM Vision

2
Muscat Securities Market (MSM)

• MSM Mission

3
Muscat Securities Market (MSM)

• MSM history
• - Commenced in 1989
• - Manual trading till 1997
• - Corporate Manual Book keeping till 1992
• - Centralized Electronic Depositary in 1993
• - Electronic Trading 1998

4
Muscat Securities Market (MSM)

• MSM history
• - Regulatory Bodies segregation
  (CMA,MSM,MDSR)1998
• - Replacing new Electronic Trading System 2006
  
• - Disaster recovery ,Business Continuity Plan,
• Information Center 2005

5
Muscat Securities Market (MSM)

• Regulatory Bodies
• - Capital Market Authority (CMA)
• - Muscat Securities Market (MSM)
• - Muscat Depository _at_Securities Reg(MDSR)
• - Brokers Association

6
Muscat Securities Market (MSM)

• Membership
• 18 Member Firms classified in to three tiers
  according to activities licensed to perform.

7
Muscat Securities Market (MSM)

• Listing Rules
• MSM implement international standards listing
  rules for local listed companies as well as
  foreign companies .

8
Muscat Securities Market (MSM)

• Investment instruments
• MSM deals with cash market only
• - Securities
• - Bonds (government and corporate)
• - Mutual Funds

9
Muscat Securities Market (MSM)

• Market Surveillance
• Both MSM _at_ CMA monitor market trading activities
  to detect possible market manipulation or
  insider trades.
• - MSM handle online surveillance
• - CMA handle offline surveillance

10
Muscat Securities Market (MSM)

• Settlement
• - Settlement day for Securities T3.
• - Settlement day for Bonds T1.
• - Settlement Guarantee fund to settle unsettled
  transactions on behalf of defaulting parties.
• - Central Bank as Brokers Settlement Bank.

11
Muscat Securities Market (MSM)

• Trading Locations
• - MSM Trading Hall
• - Brokers offices
• - Internet trades

12
Muscat Securities Market (MSM)

• Trading System
• MSM use one of the most developed trading
  systems
• (Atos Euronext Market Solution) providing
  order driven and quote driven pricing ,cash and
  derivatives instruments .

13
Muscat Securities Market (MSM)

• Trading Time
• Sunday through Thursday .
• From 10 am to 1pm

14
Muscat Securities Market (MSM)

• Cross Boarder Trade
• MSM and ADSM practice cross border trades,
  which enable brokers in each market to trade
  through leased line in the opposite market.

15
Muscat Securities Market (MSM)

• MSM prior concern
• Regional Cooperation
• New investment Instruments
• Standard regulations
• Investment awareness
• Staff training