Kotak and Saxo launch trading platform in India

Kotak Securities and Saxo Capital Markets have launched a global trading platform in India that provides direct access to equities, exchange-traded funds (ETFs) and real estate investment trusts (Reits). Kotak Securities is a stock broking house while Saxo Capital Markets is a subsidiary of Saxo Bank, an online trading and investment specialist headquartered in Denmark.

D Kannan, an executive director at Kotak Securities, says the platform -- known as Kotak Trader -- feeds on the growing appetite of Indian investors for overseas investing.

For his part, Kazuaki Takabatake, CEO of Saxo Capital Markets, says the partnership with Kotak Securities in India is in line with the company's global expansion plans.

Kotak Trader provides Indian investors with global reach by offering real-time access to equities across 24 prominent exchanges. Other benefits include transparent pricing, real-time streaming news, charting and data analysis systems, recommendations, and research reports on sectors and stocks. Other than direct access to dealers at Saxo Capital Markets through a two-way dealer chat, a dedicated account manager is also available for any customer service related issues.

Kotak Securities is a subsidiary of the Kotak Mahindra Group, a major financial group in India that provides services commercial banking, stock broking, mutual funds,
life insurance, and investment banking services.

Singapore-based Saxo Capital Markets, meanwhile, serves as the Asia headquarters of Saxo Bank and holds a capital markets services license under the Monetary Authority of Singapore.