Global Provider TradeNext Expands with New Equity Brokerage in India

LONDON - Dec. 9, 2015 - PRLog -- Leading FX & CFD provider, TradeNext, has expanded its global presence into Asia through the launch of a new equity-focused broker-dealer authorised by SEBI in India. TradeNext launched in the UK in 2012 as one of the first Indian-owned UK regulated FX & CFD brokers has always had a connection to India which is reinforced under the launch. The new firm, TradeNext Securities Ltd, is a full-clearing member of the country’s local exchanges offers a range of financial products including; equities, futures & options, FX derivatives and mutual funds.

TradeNext Securities is located in India’s capital city, New Delhi, the firm offers electronic-trading to both retail, HNWI and institutional clients on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) . According to the BSE’s filings, the firm, TradeNext Securities Ltd received membership on the 29^th of September 2015.

A spokesperson for TradeNext commented: “Electronic trading is a driving force in financial markets and with the application of e-trading in emerging markets, the gap between developed and developing markets is reducing, TradeNext has always been focused on offering contemporary solutions to global traders.”

Indian investors have been opening-up to financial markets as financial literacy increases and investors have direct access to news and information, according to data submitted by the county’s two main depositories, National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL) the number of equity investor accounts continues to increase, the total number of Demat accounts stood at 23.3 million in April 2015, with a sharp increase in the number of annual accounts opened in 2014-2015.

TradeNext’s spokesperson added: “The internet has changed the way we behave and now you can be situated in one region and invest in other regions. The business environment is optimistic for India, and thus reinforces the notion that emerging markets can offer premiums far greeter then Europe and the US. According to the Indian Statistics Ministry’s data, India’s economy outpaced peers in the months of July-September; India’s GDP grew 7.4% in the second quarter of 2015-2016 compared to 7% a quarter earlier.

Last year TradeNext partnered with Kolkata-based brokerage firm, MC Securities with a vision to offer Indian financial investment products to Britain’s vast overseas Indian diaspora. The firm was one of the first UK FX & CFD brokers to offer access to Indian financial markets; the service was available to individuals who hold Non-Resident Indian status due to restrictions for overseas investors in the Indian investment market.