India Infoline to be Auerbach Grayson’s broker partner

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India Infoline to be Auerbach Grayson’s broker partner

This article was posted on Mar 31, 2008 and is filed under Press Releases

India Infoline’s institutional broking arm IIFL, announced today 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 partnership with Auerbach Grayson, IIFL will offer U.S. institutional clients on-the-ground research and trade execution across a wide range of leading 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 local 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 Grayson 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 savviest investors.”

“U.S. institutional investors continue to search deeper into the world’s financial markets looking to find value investments before their competitors. That is the service Auerbach Grayson has provided its clients for nearly 15 years,” said David Grayson, Managing Director and co-founder of Auerbach Grayson. “Our partnership with IIFL will allow us to give our clients richer market color and better trade execution in India’s markets, a region that is increasingly flush with investors seeking high returns on their global investments.”

Sourced From: India Infoline Ltd

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