Reliance Money-optionsXpress Hodings tie-up

{image-rel=money1_08092008.jpg news.oneindia.in}Mumbai, Sep 8: Reliance Money, the largest broking and distribution house in India and part of the Reliance Anil Dhirubhai Ambani Group, on Monday, Sep 8 announced an exclusive agreement with NASDAQ listed optionsXpress Holdings Inc, to provide access, custody and execution in US markets for its customers.

In a release here, Reliance Money Director and Chief Executive Officer Sudip Bandyopadhyay said the tie up would open a safe, secure and cost effective transaction platform for the company's customers to trade in the US markets. He said, ''We believe that Indian investors are looking at diversifying their portfolio and overseas trading service enables them to do so. The US equity markets are mostly liquid and allow investors to spread country and sectoral risk more effectively.

Customers can also invest in sectors like biotechnology, semiconductors and internet companies that are underrepresented here.'' Through this agreement, investors will be able to trade in all US delivery based equities/ IPOs/ Mutual Funds/ Bonds/ Options. They will be provided access to AMEX, NYSE, Philadelphia Stock Exchange and NASDAQ.

UNI