Bahrain investors told to trade online in Indian bourses

Dubai, Apr 9 (UNI) Bahrain-based non-resident Indian (NRI) investors have been urged to 'cut out the middle man' and use new online technology to manage their investments in Indian markets.

At a high-profile launch, UTI Securities Ltd and its associate company in Bahrain, Indo-Gulf Financial Services Ltd, explained the benefits of their new online trading site to an audience of business figures.

Promoting the website www.usectrade.com as valuable means for NRIs to oversee their portfolios, investors were told the volume of stock transactions made online will soon overtake that of those conducted through a broker.

UTI Securities Vice-President and e-brokering Head Rakesh Singh told the Gulf Daily News that customers can trade at ease in their home, in a cyber cafe, or by using the internet in their offices.

High returns on investments in recent years have seen the number of NRIs investing in stocks increase, said Mr Singh.

He said that the new website would offer an easy to use means for investors to acquaint themselves with the Indian market.

Indo Gulf Financial Services Ltd is licensed by the Central Bank of Bahrain as a category two investment business firm.

UNI