ELECTRONIC TRADING PLATFORM

PURPOSE
The purpose of this RFP is to invite entities to apply to the CMA in order to receive a 10-year license to establish an Electronic Trading Platform (ETP), which will be regulated and supervised as an exchange pursuant to Law 161.

No additional licenses will be granted during this 10 year period.


ABOUT THE ELECTRONIC TRADING PLATFORM
This RFP aims to create an ETP that would improve financing for private sector activities, especially for small and medium size enterprises as well as startups, and expand trading activities beyond the Lebanese borders with a view to reach the Lebanese diaspora all around the world. The ETP aim is to help develop the capital markets in Lebanon and create the kind of vigor that would boost economic growth and create jobs.
 
The advent of electronic trading has changed substantially the landscape of trading and has introduced major changes to the securities markets with consequential trading possibilities. Electronic trading has eliminated the need for exchanges as physical places and lessened to a great extent human intermediation in carrying out trade as orders are communicated and executed electronically.


Moreover, electronic trading has many benefits to securities market, in particular in terms of cost of transactions for all the parties concerned, transparency of information, wider access to markets, greater liquidity, and more competition. Such benefits are particularly relevant to Lebanon given the need to develop capital markets beyond the companies listed on the Beirut Stock Exchange. While the establishment of an ETP would serve all market participants, it will be of particular benefit to SMEs and startups. Financing SMEs and increasing the liquidity and depth of the market would boost economic growth, create jobs, and help reduce the reliance on traditional short-term bank financing.


LAUNCHING THE REQUEST FOR PROPOSAL FOR THE ELECTRONIC TRADING PLATFORM

The Chairman of the Capital Markets Authority (CMA), Governor of the Banque du Liban, Mr. Riad Salame, announces the intent of the CMA, as per its Board decision issued in this regard, to launch the Request for Proposal (RFP) for the establishment and licensing of the electronic trading platform.

 

Those wishing to participate in the RFP must collect the documents from the General Secretariat of the Capital Markets Authority at its headquarters in Rome Street, Hamra, Wardieh Area, from 9 am to 2 pm starting Wednesday the 5th of December to Friday the 21st of December 2018.

 

REQUIREMENTS TO COLLECT THE REQUEST FOR PROPOSAL (RFP) DOCUMENTS OF THE ELECTRONIC TRADING PLATFORM:


The entity that intends to collect the documents of the RFP of the Electronic Trading Platform must pay the required non-refundable fees in the amount of 15,000,000 Lebanese pounds only, through a bank transfer to the order of the Capital Markets Authority bank account dedicated to this purpose at the Banque du Liban with the following IBAN:
LB42 0999 0000 0001 0016 5001 1114
(without any spaces when used electronically)

 

TO COLLECT THE RFP FROM THE CMA, THE DESIGNATED PERSON MUST SUBMIT:


– The bank notice/swift confirming the completion of the required transfer above.
– A letter of authorization signed by the Chairman of the applicant entity/authorized signatory authorizing the designated person to collect the RFP documents on behalf of the entity.
– The official ID card of the person authorized to collect the documents.

 


استدراج عروض لإطلاق منصة التداول الالكتروني

يعلن رئيس هيئة الأسواق المالية حاكم مصرف لبنان الأستاذ رياض سلامة، بناء على قرار المجلس، عن رغبة الهيئة باستدراج عروض لإطلاق منصّة تداول إلكترونية

 

على الراغبين بالإشتراك في استدراج العروض استلام المستندات من الأمانة العامة لهيئة الأسواق المالية في مقرّها الكائن في منطقة الوردية الحمرا شارع روما ابتداءً من 5 كانون الأول ولغاية 21 كانون الأول ضمناً من الساعة التاسعة صباحاً إلى الثانية بعد الظهر

 

الوثائق المطلوبة لاستلام المستندات

 

على الجهة التي تنوي التقدم الى الهيئة لاستلام المستندات المتعلقة بمنصة التداول الإلكتروني، أن تسدد مسبقاً الرسوم المتوجبة وقدرها 15,000,000 خمسة عشر مليون ليرة لبنانية فقط لا غير، غير قابلة للاسترداد، عن طريق تحويل المبلغ المتوجب من حساب مصرفي عائد الى الجهة المستدعية الى حساب مصرفي عائد الى هيئة الاسواق المالية، مخصص لهذا الغرض لدى مصرف لبنان، والحامل رقم التالي

 

IBAN: LB42 0999 0000 0001 0016 5001 1114
(ويذكر متصلاً بدون فراغات عند استعماله الكترونياً)

 

:على الشخص المفوض استلام المستندات أن يبرز المستندات التالية

 

إشعار مصرفي يثبت إتمام التحويل المتوجب –
كتاب تفويض موقّع من رئيس مجلس إدارة الشركة/المخول بالتوقيع –
هويّة الشخص المفوَّض استلام المستندات –