ICICI Securities on Monday mentioned it has joined arms with Interactive Brokers LLC to supply its prospects a facility to put money into the US markets via a whole digital expertise from onboarding to buying and selling. Interactive Brokers Group is a 42-year-old, US-based Nasdaq-listed on-line brokerage, whereas ICICI Securities is a subsidiary of ICICI Financial institution.
The alliance will allow ICICI Securities’ greater than 4.8 million purchasers to diversify their investments exterior of the Indian market and entry multi-asset funding alternatives via Interactive Brokers’ buying and selling platform.
Home buyers can now commerce in US markets throughout shares, alternate traded funds (ETFs) and stuck revenue merchandise, ICICI Securities mentioned in an announcement.
There is no such thing as a minimal ticket measurement and US markets even enable fractional possession of shares, so even small retail buyers can construct a portfolio successfully, it added.
“Investing in a matured and well-regulated market just like the US offers publicity to well-known and nicely tracked worldwide corporations. We really feel it’s the proper time to supply such a facility for our prospects and are glad to hitch arms with Interactive Brokers,” mentioned Vijay Chandok, MD and CEO, ICICI Securities.
“Collectively we’ll make investing within the US markets nearly as seamless as it’s investing within the home markets. The entire funding journey, proper from account opening, broking, portfolio monitoring and statements will probably be provided seamlessly and digitally. Primarily based on investor demand, the power could possibly be prolonged to different markets as nicely sooner or later,” he added.
Ankit Shah, director of Interactive Brokers’ Indian entity mentioned many Indians have curiosity in investing in corporations exterior of India and in manufacturers that they use each day. Indian buyers will now be capable to make the most of Interactive Brokers’ platform and execution functionality to make it occur.
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