India Infoline in pact with Auerbach Grayson for brokerage

New Delhi, Mar 31 (UNI) Brokerage India Infoline Ltd (IIFL) today said it has tied up with US brokerage Auerbach Grayson to be its exclusive partner in India for expanding trading and market coverage in the country.

Under this partnership, India Infoline will offer research and trade execution on Indian companies for Auerbach's US clients, which includes 400 of the largest US institutional investors, it said in a statement.

It will also help India Infoline build its international business as it would build relations with some of the largest institutional investors, it added.

''Our relationship with Auerbach Greyson will enable IIFL to continue growing its premier global brokerage business by building relationships with some of the largest institutional investors in the world by offering them greater local market color and better trade execution in India's capital markets,'' said President,IIFL Vasudev Jagannath.

Auerbach provides access to 119 equities markets worldwide through similar partnerships with local brokerages.

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