December 26, 2024 11:16 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Boat capsizes off Calangute Beach in Goa; 1 killed, 20 rescued | Canada announces change to immigration system, likely to impact Indians seeking permanent residence | Azerbaijan Airlines tragedy: 32 passengers rescued, flight attempted several emergency landing before crashing | Man sets himself on fire near Parliament building; locals, police rush him to hospital | Azerbaijan Airlines passenger plane enroute to Russia with over 70 people onboard crashes in Kazakhstan | Atishi will be arrested in fake case, claims Arvind Kejriwal after Delhi govt disowns health and women's schemes | Delhi govt departments disown Arvind Kejriwal's major poll promises, AAP chief reacts | 'Our nation will always be grateful to him': PM Modi writes article in tribute to Atal Bihari Vajpayee on his birth centenary | Syria: Christmas tree set on fire by suspected 'Islamists', Christians protest | Pakistan strikes TTP camps in Afghanistan, Taliban government claims civilians killed

MC Securities Ltd announces partnership with TradeNext UK

| | Nov 16, 2014, at 06:03 pm
#MC Securities Ltd announces partnership with TradeNext UK
Kolkata, Nov 16 (IBNS): MC Securities Ltd, a comprehensive financial service provider on Saturday announced its partnership with TradeNext, UK a leading multi-asset regulated FCA broker, offering margin derivatives and one of the UK’s first Asian-owned financial services companies.
The  occasion was graced by West Bengal Education Minister Partha Chatterjee, Prashant Vagal, Senior Vice President, National Securities Depository Limited (NSDL) and  Jon Vollemaere, Founder of FXecosystem and Mr. B.K. Datta, Former Executive Director, UCO Bank.
 
Saumya Basu, Founder & CEO, MC Securities Ltd and  Adil Siddiqui, Head of Global Marketing TradeNext, UK were present at the occasion to brief the media.
 
 MC Securities Ltd will be first of its kind standalone Indian stock broking firm to enter into such an alliance to service the NRI and Asian community in Europe. Prior to this, majority of the Indian stock broking firms have ventured into the Gulf or the Asian markets but the vast European market remains untapped, for dedicated support.
 
 Speaking on the subject Adil Siddiqui, Head of Global Marketing TradeNext, UK said, “The UK is a leading financial markets hub however it lacks a dedicated professional and forward thinking provider of Indian financial instruments, MC Securities will fill the gap with their focused offering for the UK’s vast Indian diaspora looking to repatriate funds to the BRICS nation.”
 
 MC Securities will cross sell to the clients and target audience of TradeNext Indian broking instruments through their dedicated desk which will be set up in London in collaboration with TradeNext. MC will be providing duties and mutual funds to NRI and British nationals that hold OCI and PIO status. There will be support and research team in the UK office.
 
 Financial Instruments that will be offered by MC Securities for the NRIs will include Investment in shares, convertible debentures, Dated Govt. securities or treasury bills, Mutual funds, Bonds, Shares in PSU disinvested by Govt. of India.
 
 Speaking on the association Mohsin Jameel CEO of TradeNext said “We are pleased to partner with MC securities, as a multi-asset provider of financial services with membership of all major trading venues in India it is a great fit for us as we enhance our strategy of providing sound financial services products to British Asian investors.“
 
 The firm plans to expand and move with dedicated research desk and move to European boundaries through establishment of joint website and umbrella regulation with TradeNext and ultimately to set up local office in the UK with full research team to reach out to the NRI as well as the Asian community. In the long term MC Securities also plans to expand its alliance across Europe with partners providing an array of financial instruments.
 
 Speaking on the occasion Saumya Basu, Founder & CEO, MC Securities Ltd said, “I am honoured to lead all MC group companies and collaborate with a young and energetic team, as we work together to profitably grow the Company and build shareholder value.”  
 
 With a mission to establish themselves firmly as the chosen financial hub for investors, MC Securities Ltd aims to be the one stop provider of financial services in India as well for NRIs and the Asian Community in Europe.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Images
Veedol signs former Indian skipper Sourav Ganguly as brand ambassador
Veedol signs former Indian skipper Sourav Ganguly as brand ambassador Jun 29, 2024, at 06:38 am
In Images: Glimpses from Bengali film Fatafati's premiere
In Images: Glimpses from Bengali film Fatafati's premiere May 13, 2023, at 08:39 pm
Gautam Adani meets Bangladesh PM Sheikh Hasina
Gautam Adani meets Bangladesh PM Sheikh Hasina Sep 06, 2022, at 06:46 am