Central Depository Company (CDC) and JS Global Capital Limited have partnered to integrate the brokerage firm into CDC’s Direct Aggregator platform, enabling faster and more secure funds transfer for investors. This collaboration demonstrates CDC’s commitment to enhancing modernization and transparency in Pakistan’s capital markets.
The agreement was signed at the CDC House by Badiuddin Akber, CEO of CDC, and Muhammad Khalil Ullah Othmani, CEO of JS Global Capital.
The new arrangement utilizes a unique Direct Investment ID for each investor’s sub-account, formatted as an International Bank Account Number (IBAN). Once registered with the investor’s bank, funds move directly and instantly into the brokerage client account, providing immediate access to trading capital.
Akber stated that this partnership exemplifies CDC’s focus on digital advancement in capital markets. He emphasized the benefits for investors, including faster, safer, and easier funds movement, which fosters trust and efficient trading. He anticipates that this integration will enhance investor confidence and create a robust, more transparent market environment.
Othmani highlighted that aligning with CDC’s Direct Aggregator supports JS Global’s commitment to superior client service. He noted that the integration not only improves funds transfer efficiency but also strengthens investor trust through real-time transactions and enhanced security. He affirmed JS Global’s focus on innovation and collaboration with organizations like CDC to improve the investor journey and support the continued expansion of Pakistan’s capital market.
The JS Global delegation also received a briefing on CDC’s Easy Connect digital onboarding system, a process designed to simplify investor entry into capital markets. JS Global representatives lauded CDC’s market development initiatives, and both parties pledged continued collaboration to enhance market access and investor ease of use.
The addition of JS Global Capital expands CDC’s network of integrated brokers, furthering its goal of digitally empowering investors, enhancing their experience, and strengthening trust in Pakistan’s capital market.