BNP Paribas Mutual Fund unveils Fixed Term Fund-Series 21 D

BNP Paribas Mutual Fund new issue closes on 9th March

BNP Paribas Mutual Fund has launched BNP Paribas Fixed Term Fund-Series 21 D, a close-ended income scheme.

The investment objective of the scheme would be to achieve growth of capital through investments made in a basket of fixed income securities maturing on or before the maturity of the scheme.

The new issue opens on 23rd February and closes on 9th March. The minimum investment amount is Rs5,000.

CRISIL Short Term Bond Fund Index is the benchmark index. Alok Singh is the fund manager.

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ICICI Securities joins Fidessa’s connectivity network

The deal enables ICICI Securities to receive international care and DMA flow from the 2,400 buy-sides and 550 sell-side firms connected to the Fidessa network

Fidessa group plc, provider of high-performance trading, market data and global connectivity solutions for the buy-side and sell-side, has said that ICICI Securities Ltd, an integrated securities firm based in India, has joined its global connectivity network. The deal enables ICICI Securities to receive international care and DMA flow from the 2,400 buy-sides and 550 sell-side firms already connected to the network, and enhances the ability of Fidessa's worldwide community to access India's rapidly evolving markets.

A Murugappan, executive director, ICICI Securities says, "Over the past few years, the Indian capital markets have witnessed a real transformation; the growth of electronic trading continues unabated and volumes on the BSE and NSE have grown significantly. By joining Fidessa's global trading community, we will be able to offer all members our specialist knowledge on the Indian capital markets along with access to critical exchanges. "

Enis Toumi from connectivity sales at Fidessa in Asia, says: "Recently, exchanges and regulators have introduced radical change with the introduction of DMA, algorithmic trading, co-location and SOR, which have all helped open up the space to new players. We are delighted, through the Fidessa network, to contribute to the growth in Indian market access and expand the reach from overseas. On-boarding a company of ICICI's scale and reputation expands the depth and quality of our local coverage and will please international firms requiring fast, reliable remote access."

ICICI Securities joins more than 20 Indian sell-side firms on Fidessa's network, which covers 150 markets across EMEA, Asia Pacific and the Americas.

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Kotak Securities launches Mobile Stock Trader

Kotak Securities has launched the 'Mobile Stock Trader'-a mobile trading application developed by MarketSimplified

Kotak Securities has launched the 'Mobile Stock Trader'-a mobile trading application developed by MarketSimplified. This application can be downloaded by customers and non-customers, and gain access to the market on the move. Some of the key features include live streaming of quotes, customised watchlist, placing trade, viewing intraday charts, checking available margins and tracking the portfolio performance. The application launched is compatible with Blackberry and Java based phones. Both Android and iOS among others are likely to be added soon.

B Gopkumar, head-broking, Kotak Securities, said, "Mobile Stock Trader is our newest tool to empower those who trade with us and in line with our focus on providing customers the best interface tools to trade effortlessly. Being a native application resident on the handset, it seamlessly renders real time quotes and various other features thus providing the most user friendly experience unlike a traditional web based (WAP) application. It replicates the experience of actual trading on mobile with live streaming data. We also have a guest version for prospective clients who can make virtual watchlists and portfolio."

MarketSimplified Inc is the only true blue financial services mobile platform that develops native applications out of India. Kotak Securities is a subsidiary of Kotak Mahindra Bank and is the stock broking arm of the Kotak Mahindra Group.

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