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Mumbai, July 3 India Infoline has tied up with Interactive Brokers LLC, an automated global electronic broker, to provide its clients online access to trade in overseas securities.

India Infoline will provide direct market access to over 80 exchanges in 18 countries, the company said on Thursday.

Trading can be done in eight currencies, said Mr Karan Bhagat, CEO, India Infoline Private Wealth.

“Under this kind of tie-up we will function as an introducer broker and introduce the client to the platform of the interactive brokers,” said Mr Bhagat.

Most Indian investors over a period of time would want investment diversification and enter international markets, he said. “This could also mean just keeping your money in different currencies and not necessarily investing in securities,” he added.

According to norms, resident Indians can invest in overseas assets to the extent of $2,00,000 per annum (around Rs 96 lakh).

“We will provide the expertise and a gateway for the customers of India Infoline to trade on 80 different exchanges in 18 countries, and we plan to get to the end customer a lot quicker, for them to execute transactions internationally,” said Mr Gerard Perez, Managing Director, Interactive Brokers.

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