The firm executed a total number of 9,511 transactions, which was equal to 24.20% of the total transactions completed on the Bahrain Bourse for 2010 and which represented a total trade volume of 551 million shares (45% of total market volume). The total value of transactions was over $248 million, representing a market share of 43.16% of the total value of all shares transacted during the year. The firm executed the bulk of the larger transactions on the exchange in 2010.
SICO continued to build its business with Bahraini, regional and foreign investors, further enhancing its status as the ‘broker of choice’ on the Bahrain Bourse for international fund managers, prime brokers and financial institutions. Over 50 per cent of the Bahrain Bourse’s turnover is generated by foreign investors, with the majority of investors trading through SICO.
The firm continued to expand its cross-border activities in 2010. This enabled clients to trade listed investment opportunities available throughout the GCC and MENA, including Jordan and Egypt, together with access to the fixed income market.
“We are delighted to maintain our leading position on the Bahrain Bourse. As an increasing number of Bahraini, regional and foreign investors seek to access Gulf stock exchanges, SICO is ideally equipped with the right team, skills and knowledge to be able to execute and support client’s orders,” said Anthony C. Mallis, SICO CEO.
“SICO continues to offer investors’ access to listed investment opportunities throughout the GCC, where we continue undertaking some of the larger trades in those markets, discreetly and with great efficiency,” he added.