Trading Procedure -  Muscat Securities Market

Trading in MSM is controlled through an Electronic Trading System, based on a Unique Shareholder Number that is allotted to each investor. The shareholder number is obtained from the MDRSC and requires the submission of a form, for the first time, one-day prior to execution. Orders are routed through authorized brokers on the trading floor and the MSM regulations forbid trading outside the trading floor except for specific situations, such as family transfers, inheritance, etc.

Certain situations shall require a deposit to be made by the investor, but it is not required if a custodian is involved. Trade advice is sent to the investor, and to the custodian, upon execution of the deal.

Settlement in MSM is T+3 and is routed through the assigned broker.