MUMBAI: Even as income from stock broking business is heading southward, there are brokers willing to offer new and enhanced facilities to keep customers from migrating elsewhere or avoiding trade altogether.
While established Indian players like Koyak Securities, ICICI Direct and Reliance Money have recently launched some additional facilities for customers, Interactive Brokers, a Nasdaq-listed and one of world’s leading technology-driven brokers, is launching its full suit of facilities for Indian customers soon. Kotak Securities is offering the option to trade Rupee-dollar currency derivatives contracts on a single screen. It is also offering its customers to use their margin across all segments. Very soon, ICICI Direct too will offer the same facility. “We are offering the option to trade online in stocks, equity derivatives, mutual funds and currency derivatives on a single screen,’’ said Arindam Chanda, VP, Kotak Securities. The broking house will also allow the available margin to be used for any of the three segments, Chanda said. (ET)
While established Indian players like Koyak Securities, ICICI Direct and Reliance Money have recently launched some additional facilities for customers, Interactive Brokers, a Nasdaq-listed and one of world’s leading technology-driven brokers, is launching its full suit of facilities for Indian customers soon. Kotak Securities is offering the option to trade Rupee-dollar currency derivatives contracts on a single screen. It is also offering its customers to use their margin across all segments. Very soon, ICICI Direct too will offer the same facility. “We are offering the option to trade online in stocks, equity derivatives, mutual funds and currency derivatives on a single screen,’’ said Arindam Chanda, VP, Kotak Securities. The broking house will also allow the available margin to be used for any of the three segments, Chanda said. (ET)
