Mumbai-based ICICI Securities has launched Bombay Stock Exchange (BSE) derivatives trading through its online investment portal to allow retail investors to access the fast-growing derivatives segment.
"BSE is Asia's first stock exchange and is more than 135 years old. We are glad to connect with the deep-rooted history of Indian Capital Market by introducing derivatives on the Bombay Stock Exchange. We are glad to offer the additional choice of exchange and index for our customers to trade," said MD & CEO of ICICI Securities, Anup Bagchi (pictured).
"With the launch of BSE Derivatives on ICICIDirect, which has a customer base of over 2.3 million, the reach of the derivatives segment of BSE would increase and the retail segment of investors would be able to participate in a larger way at a fraction of exchange costs for the customers," said BSE Interim CEO, Ashish Chauhan.
ICICI Securities offers investment banking, institutional broking, retail broking and financial product distribution while the group has 20 live issues out of a total of 44 products in the Indian market, according to the SRP database.
Its online arm, ICICIdirect.com, offers online and offline financial product distribution providing access to the nation's capital markets.
For more, click here.