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Reliance Money-DBS Vickers inks pact
Mumbai, Dec 12: Sudip Bandyopadhyay, Director and CEO of Reliance Money announced that Reliance Money has entered into a pact with DBS Vickers Securities (Singapore) Pte Ltd to facilitate trading in global commodities exchanges for Indian corporate and other appropriate participants.
He added, “The size of the global commodities derivatives markets is estimated to be around $800 billion. We believe that Indian investors are looking at diversifying their portfolio and overseas trading service enables them to do so."
Exchange traded commodity futures is one of the largest market segments in the financial markets witnessing participation from the producers, users, traders alike globally.
Reliance
Money
is
a
venture
of
the
Anil
Dhirubhai
Ambani
Group,
while
DBS
Vickers
is
a
subsidiary
of
DBS
Bank,
one
of
the
largest
financial
services
groups
in
Asia.
OneIndia News (With inputs from Agencies)
