India Infoline to be Auerbach Grayson’s Exclusive Broker Partner to Expand Trading & Market Coverage in India
India Infoline Ltd has informed BSE that India Infoline’s institutional broking arm IIFL, on March 31, 2008 announced that it has partnered with Auerbach Grayson & Company, Inc., a New York-based brokerage firm to offer US Investors premium access to investing in India’s capital markets. Auerbach Grayson specializes in providing global trade execution and exclusive research to U.S. institutional investors.
Through this exclusive part with Auerbach Grayson, IIFL will offer U.S. institutional clients on-the-ground research and trade execution across a wide range of lending sectors and Companies driving India’s booming economy. The partnership also allows IIFL to build its international business by servicing Auerbach Grayson’s clients, more Than 400 of the largest U.S. institutional investors. Auerbach Grayson provides U.S. institutions access to 119 equities markets through exclusive partnerships with leading ideal brokers similar to the one that it has in India with IIFL.
Founded in 1995 as an Equity Research and Consulting firm, India Infoline, one of the premier financial services Companies in India, quickly became known as an Innovator in trading and research technology, with a presence across the entire gamut of financial services. With its recent expansion into a full-service institutional brokerage through IIFL, the Company has built a leading institutional research team to offer coverage of India’s fast-growing sectors and best-valued stocks, and carved out an equities block trading desk to enable clients to have access to the most liquidity and execute their trades at the best prices. IIFL has a strong 60-member institutional equities team with 30 research analysts covering various in-depth and thematic reports and is empanelled with over 200 large global Institutions.
“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 Vasudev Jagannath, President of IIFL. “That value proposition is becoming increasingly important as India’s markets are attracting more of the world’s sawiest investors”.
Tags: India Infoline