TradingScreen Adds Emkay Global to Broker List
TradingScreen Inc. (TradingScreen), the leading provider of multi-broker and multi-asset class execution management systems (EMS), announced Septmber 14 that it signed a deal with the brokerage arm of Emkay Global Financial Services Ltd. (Emkay Global), a leading diversified financial services group in India.
With a GDP of $1.3 trillion, India is the third-largest economy in Asia, and the combined average turnover for the two leading exchanges makes it the fifth largest globally. Currently, there are 1,700 registered Foreign Institutional Investors (FII) registered with Securities Exchange Board of India (SEBI), India’s stock market regulator, which have made a year-to-date investment of more than $3 billion in cash and $28 billion in derivatives, according to National Stock Exchange and Bombay Stock Exchange data.
“Given the large number of Foreign Institutional Investors registered with local regulators, there is a great future opportunity for us in India,” said Bernard Ho, Head of Asia Pacific and Japan, Sales at TradingScreen. “Our partnership with Emkay Global allows us to take advantage of this ever growing market. Building partnerships with leading financial services firms like Emkay is also a critical part of TradingScreen’s strategy of expansion in India, as well as across the Asian region and globally.”
TradingScreen clients can access the Indian market via Emkay Global, as well as the broker’s algorithms via TradeSmart, TradingScreen’s customizable front-end graphical user interface (GUI). The deal adds to the roster of high quality brokers on TradeNet, TradingScreen’s proprietary multi-broker and multi asset class network spanning the globe, providing access to India markets.
“The relationship with TradingScreen is an important one for Emkay Global who caters to different geographies like Asia Pac, US & Europe, whereby opening up the firm to a global client base through an industry leading trading platform,” said Rajesh Chougule, Head- Sales Trading & Dealing at Emkay Global. “We are glad that we can expand our reach through a leading technology partner.”