The Hindu Business Line : Sharekhan eyes derivatives trade

SHAREKHAN, the retail broking wing of the SSKI group, has charted growth plans that are particularly focussed on derivatives. The idea is to attract more eyeballs for a segment that is expected to generate considerable business.

The derivatives market is set to grow in the country as it has the potential of attracting discerning investors, said Mr Rahul Rege, head of sales at Sharekhan.

On Wednesday, Sharekhan launched its first branch in Kolkata with a view to tap local investors, courtesy facilities such as trading on NSE and BSE for the cash market, derivatives and depository services. Online trading will also be made available to clients. The online trading site, www.sharekhan.com, has around 8,000 trading members, Mr Rege added. Internet-based trading accounts for approximately one per cent of the daily trades in India, and Sharekhan is said to command over 20 per cent of this market.

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