![]() Financial Daily from THE HINDU group of publications Saturday, Apr 23, 2005 |
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Markets
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Financial Services JRG starts online trade in commodity, capital markets Our Bureau
Kochi , April 22 JRG, one of the leading brokerage houses, has introduced integrated Internet trading venture in commodity and capital markets. Mr Regi Jacob, Managing Director, JRG Securities Ltd, said that the company has created its own integrated platform known as I-Trade for the purpose. This system would help investors to trade in capital and commodity markets from a single window anywhere in the world, he added. JRG, Mr Jacob said, had also inaugurated its UAE operations by setting up its first overseas branch in Dubai to provide professional services for the investing community among NRIs in the UAE. Discussions are also on to start branches in Abu Dhabi and Muscat, he said. Speaking on the occasion, Mr Giby Mathew, Managing Director of the JRG Wealth Management Ltd, said that the company has tied up with Tirumala Tirupati Devasthanam in Andhra Pradesh by setting up an online commodity trading terminal in the temple complex. Through the terminal, the TTD management could view the commodity prices from NMCE, NCDEX and MCX. The Tirupati Temple is the biggest purchaser of commodities such as sugar, cardamom, cashew in the country, and it is essential to instantly update about the fluctuations in the commodity markets, he said. The company has already extended its commodity operations to Tamil Nadu, Andhra Pradesh, Karnataka, Punjab, Uttar Pradesh and Delhi.
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