SBM Capital Markets Ltd, a subsidiary of SBM (NBFC) Holdings Ltd, has secured the ‘Best Brokerage Services’ trophy at the AGF Service Providers Awards 2023, organized by Africa Global Funds magazine. This recognition acknowledges SBM Capital Markets Ltd’s efforts in delivering innovative and sophisticated services, reinforcing its position as a stockbroker.
“We are delighted to have received the ‘Best Brokerage Services’ award from Africa Global Funds magazine. This accolade highlights the continuity and realization of our product and service diversification strategy, demonstrating our ability to innovate in the market. It also underscores the collective effort and dedication of our entire team in serving our clients to the best of our ability,” said Mr. Shailen Sreekeessoon, Chief Executive Officer of SBM (NBFC) Holdings Ltd, of which SBM Capital Markets Ltd is a subsidiary.
Over the years, SBM Capital Markets Ltd has distinguished itself in the market with several notable achievements, including direct access to all international financial markets through operational hours from 5 am (GMT+4) until the close of the U.S. market. Additionally, the company has embraced technological advancements by launching an online trading platform and a mobile application to better cater to clients’ ever-evolving needs and provide them with direct access to their investments.
Furthermore, SBM Capital Markets Ltd has been a pioneer in Mauritius by introducing various innovative services, including intraday and leveraged trading for asset classes such as stocks and exchange-traded funds, setting up a secondary desk for Mauritian rupee bonds, and introducing options trading for securities listed on the NYSE Arca and the Chicago Board Options Exchange (CBOE), among others. These are some of the criteria that the Africa Global Funds magazine teams considered before awarding this distinction to SBM Capital Markets Ltd.
The AGF Service Providers Awards evaluate financial service providers based on predefined criteria such as innovation, impact on the industry, customer satisfaction, leadership, and compliance with regulatory standards. The aim is to ensure a comprehensive and impartial evaluation process. These awards were created to honour the outstanding efforts and achievements of fund service providers covering Africa.
