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Peninsular Capital set to launch Net trading

Our Bureau

KOCHI, Feb. 25

PENINSULAR Capital Market Ltd, a financial services company with a network of over 85 centres across the country, is all set to launch Internet trading and technobroking facility for retail as well as institutional customers connected to the stock market .

Addressing mediapersons here, Mr. T. S. Anantharaman, Chairman and Managing Director of the company, said SEBI had already given its approval for Internet trading and terms and conditions of brokerage structures would be announced soon. On-line trading f acilities for customers through its Web site, `peninsularonline.com', were also in the pipeline, he said.

The company was targeting NRI and outstation customers for Internet trading and discussions were at an advanced stage for establishing an online link with various banks and depositories. The entire package of facilities would become operational on March 25. The company's Web site would also provide customers technical and fundamental packages and research reports, he added.

Recently, the company acquired membership of Bombay Stock Exchange thereby entering the league of brokerage houses offering the services of both BSE and NSE. It had already introduced CTCL (computer-to-computer link) facility in Kerala. With the introduc tion of this facility, customers could get easy access to live trading terminals sitting in their residence or office, Mr. Anantharaman said.

He said the firm had also tied up with Muzuris Softech for providing Virtual DP Solution. The customers' balances in the depository could be checked 24 hours online by using this facility.

The company would soon introduce value added services through trading in futures and options and was also heading for a clearing membership of the futures and options segment which would enable the customers to trade with the lowest brokerage.