ICICI Securities partners with Saxo Bank

Posted on:08 Feb 2017 18:10:03
ICICI Securities partners with Saxo Bank
08 February 2017 Current Affairs: ICICI Securities, a subsidiary of ICICI Bank, has entered into a strategic partnership with Saxo Bank, an online multi-asset trading and investment specialist.

This partnership will offer Saxo's trading and investment capabilities via a digital platform to Indian investors.

It will enable ICICI Securities' 4 million clients of ICICIdirect.com to diversify their investments outside of the domestic Indian market and access multi-asset investment opportunities on 36 stock exchanges across 24 countries, through SaxoTraderGo.

Clients opting for these services to invest outside India will gain access to third party research with Tradingfloor.com.

Under the Liberalised Remittances Scheme, Indians can invest up to $ 250,000 to acquire and hold shares, debt instruments or other assets outside India without prior approval of the Reserve Bank of India.

Commenting on the partnership, Shilpa Kumar, Managing Director & CEO, ICICI Securities said this will help "our customers diversify their portfolio outside of India".

It will help them leverage the combined strong knowledge and superior platforms and ensure they have access to the broadest set of global capital markets investment options

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs 2018 May

20 MAY
NEWS
19 MAY
NEWS
18 MAY
NEWS
17 MAY
NEWS

Current Affairs 2018 April

30 APRIL
NEWS
29 APRIL
NEWS
28 APRIL
NEWS
27 APRIL
NEWS

Current Affairs 2018 March

31 MARCH
NEWS
30 MARCH
NEWS
29 MARCH
NEWS
28 MARCH
NEWS