Business Daily from THE HINDU group of publications
Tuesday, Apr 01, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Tuesday, Apr 01, 2008 ePaper | Mobile/PDA Version |
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Corporate
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Alliances & Joint Ventures Markets - Financial Services
BL Research Bureau India Infoline’s partnership with New York based brokerage firm-Auerbach Grayson and Company, to offer the latter’s clients research inputs and a trading platform for execution of transactions in the Indian market, appears positive for the Indian company. Auerbach Grayson has over 400 large US institutions among its clients, for whom it facilitates trades in 119 markets across the world; it has a specific focus on Asia and the emerging markets. Auerbach Grayson specialises in providing global trade execution and exclusive research to US institutional investors. The exclusive nature of this relationship with India Infoline suggests that it may help India Infoline’s margins and earnings. While transaction volumes for India Infoline are likely to receive a boost from Auerbach’s mainly institutional clientele, the larger ticket size and premium nature of these clients may help in garnering significant fee income, especially on the research inputs sourced from the Indian company. The addition of a large portfolio of institutional clients based overseas, may also come in handy at a time when domestic brokerages are likely to be feeling the heat from dwindling retail interest and low transaction volumes from their domestic clients. This deal may also stand India Infoline in good stead in forging similar relationships with other foreign brokers keen to facilitate trading for their clients in India. More Stories on : Alliances & Joint Ventures | Financial Services
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