JRG Securities Ltd is revamping its online trading platform which will be available from April next year for users, according to its Chief Executive Officer, Mr Anant Tandon.

“In view of the increasing popularity of online trading, we want to offer a better user-interface,'' Mr Tandon told Business Line here.

The Kerala-centric listed broking firm had launched online trading facility in April 2010.

Real estate broking

It is also planning to expand its reach in the Tier-II and Tier-III locations mainly through the franchisee model besides expanding its commodity broking business beyond retail.

“We are trying to become institutional player in the commodities market,'' Mr Tandon said. Of late, JRG Securities also entered into the real estate broking. “We already got a couple of deals in Bangalore in addition to Hyderabad,'' Mr Tandon said.

On the business environment, he said broking business was a serious challenge in the prevailing situation.

“The margins are falling and there is significant pressure on the yield. This is partly because the exchanges are also becoming business houses by adding more number of brokers,'' he said.

Unlike earlier, it was possible to get the membership in the BSE with a deposit of Rs 10 lakh, he added.

The company earned a total revenue of Rs 73 crore in 2011 with a profit of Rs 1.57 crore.

JRG Securities gained 2.08 per cent on the BSE on Friday to end at Rs 12.25.

Related Topics