TradingView, a US-based charting and social network platform, has entered into a data-sharing partnership with Boursa Kuwait, the operator of the Kuwait Stock Exchange. The collaboration will see the social network open up the data of its users to the Kuwaiti capital market.

In a statement released on Wednesday, Denis Globa, the Chief Executive Officer of TradingView noted that the partnership will enable the charting firm to introduce the Kuwaiti capital market “to a wider audience worldwide.” The firm intends to leverage its engagement with retail investors to achieve this.

On the other hand, Mohammad Saud Al-Osaimi, the CEO of Boursa Kuwait, explained that the partnership is aimed at increasing the stock exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term’s investor base and providing access to the Kuwaiti capital market.

“The partnership is in line with Boursa Kuwait’s efforts to provide data to investors and traders and supports its goal of developing an informative, transparent, and tool-rich exchange platform, capable of providing products and services efficiently for issuers and investors as well as improving the exchange’s standing regionally and worldwide,” Boursa Kuwait explained.

The new deal comes over three years after Boursa Kuwait emerged as the first government entity to be fully privatized. The company was listed on the Kuwait Stock Exchange in September 2020 and has executed several market reforms under its comprehensive multi-phase market development plan.

TradingView Expands Network

In recent months, TradingView has added a number of industry platforms to its network. In mid-January, Germany-based zero-commission broker, Finanzen.net zero, integrated its platform with TradingView's, thereby making it possible for its users to trade directly from the latter.

In late 2022, brokerage firms such as SpreadEx, FXOpen and Tradesmarter announced integrations with TradingView.

For FXOpen, which is a global broker with a network of brokerage offices in the United Kingdom, Australia and Cyprus, TradingView became the 4th in a suite of trading platforms available to its customers. The others are MetaTrader 4, MetaTrader 5 and TickTrader.