Newedge opens in India
The broker will offer listed equity products onshore and expects particularly strong demand for index futures from foreign institutions.
Multi-asset brokerage Newedge today launches its onshore Indian operations in Mumbai with an initial focus on providing cash equity and equity derivatives to institutional foreign investors.
Headed by managing director Jerome Burban, Newedge Broker India Private Limited employs 20 staff and holds membership and licenses to trade on the National Stock Exchange (NSE) and the Bombay Stock Exchange.
Burban was most recently head of the Singapore office, from where he also ran the India …
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