Dubai, Oct 7: ICICIdirect.com, a major online trading platform in India, launched its online Futures and Options (F and O) trading service for non-resident Indians (NRIs), on Monday, Oct 6 evening. The online trading facility would offer secure transactions through its integrated trading site.
It would also provide an opportunity for NRI customers to create short-term trading positions and benefit from market volatility. Besides, F and O will act as a tool for risk management and hedging by reducing potential downside, the Gulf News quoted ICICIdirect as saying in a statement. The firm will provide training in trading to NRI customers at various overseas locations with special emphasis on F and O trading, added the paper.