Ahmedabad, Nov. 12 Ahmedabad-based Vimal Stocks Ltd has announced a strategic alliance with UK-based Spread Co to give investors an opportunity to put money in global markets.
Vimal Stocks – founded in 2006 to provide brokerage, research and portfolio management – said its alliance with Spread Co has resulted in a new entity, Vimal Trade. The new company would help investors get access to global markets with local support, said Mr Darshan Shah, CEO, Vimal Stocks, at a press conference.
Vimal Trade would provide online trading platform with offices in London and Singapore. It would hold a conference for investors and traders here on November 14, after which the new facility would be made available.
Through its product Indian Premium Securities, Vimal Trade would also bring foreign exchange trading across world markets to investors. With this, high net worth investors would be able to trade in world markets from one online trading account. Vimal Trade will also help multiply the client's money through research-based investment, said Mr Devang Shah, Head of Sales and Marketing.
Investors would be able to trade as little as one share, one index unit and 5,000 units of currencies.
Markets will remain open for 24 hours, between 10 p.m. on Sunday evening (London time) and 10 p.m. on Friday evening (London time). The new entity intends to open its corporate office in Mumbai by March 2010 and plans to come out with an IPO by March 2012.
No comments:
Post a Comment