In an attempt to give Indian investors an option to trade in global stock markets, SMC Global tied up with Saxo Bank A/S and announced the launch of a new online trading platform for Indian customers named SMC International.
Saxo Bank, a multi-asset online investment bank would now be able to provide direct access to Equities, ETFs and Bonds spanning 33 stock exchanges across the USA, Europe, Asia, South America and Australia. Talking about the new initiative, D K Aggarwal, Chairman, SMC Investment & Advisors said, “This product is for those investors who wish to diversify their investments in the global markets. With this product, investors can buy stocks in other equity markets apart from Indian stock markets. Each individual can purchase shares worth $ 75,000 per year.”
Explaining the process of trading on international markets, Aggarwal added, “In order to trade in global markets, investors will have to open accounts with Saxo Bank. Once their account is activated, investors can freely purchase and sell stocks through the online platform.” The platform is meant only for retail investors through which they would have access to equities across 33 foreign exchanges.