Business Daily from THE HINDU group of publications
Friday, Nov 16, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Friday, Nov 16, 2007 ePaper | Mobile/PDA Version |
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Info-Tech
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New Products & Services Markets - Software Our Bureau Chennai, Nov. 15 INXS Technologies, a product development company, has launched ‘Market Simplified’, a wealth management solution focused on retail investors and wealth managers. The beta version package contains solutions for portfolio tracking, portfolio advisory and risk management alerts and is accessible through mobile, desktop and Web. India has over 40 lakh investors transacting at least 40 lakh trades a day. “Each year we add over 10 lakh new investors and most of them look for wealth management tools,” said Mr Venkat Rangan, Co-Founder and Chief Executive Officer, INXS Technologies. The company has developed a neutral technology platform to host a range of financial applications and has entered into partnerships with content providers such as NASDAQ, New York Stock Exchange and Bombay Stock Exchange. ‘Market Simplified’ is available in the US markets for $99 (about Rs 4,000) a year per person and would be made available in India for a similar price. The company is looking at an Indian subscriber base of 35,000-50,000 in the next 10-15 months. More Stories on : New Products & Services | Software
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