Sunday, 10 August 2008

Now, Indians can trade on a dozen global stock exchanges

NEW DELHI: Dalal Street is no more the single avenue for Indians looking to invest in stocks, with leading retail brokerage firm Anagram becoming third major domestic player to offer the investors here an opportunity to invest in overseas equity markets. Indian investors will be able to directly trade on a real time basis in stocks listed on as many as 12 bourses in the US, Europe, Asia and Middle East from next month through a new e-trading initiative being launched by Anagram. When contacted, Anagram's retail business CEO Mayank Shah confirmed the development saying the company has signed an agreement with a Dubai-based firm to offer real-time online trading for Indian investors in multiple markets and international exchanges. "We have signed an agreement with Mubasher Financial Services, a Dubai-based leading market information and e-trading platform provider, to offer the real time online trading for Indian investors," Shah said. Anagram plans to target High Networth Individuals (HNIs) and Super HNIs for its new offering and these investors could become a key driver for this platform, he added. -ET

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