R-Trade to focus on online trading
Kolkata: The Anil Ambani group promoted financial services brand R-Trade has zeroed in on online transactions as the growth area of the future.

The company's business plan is largely expected to revolve around this segment. The group, has set up separate companies to offer stock broking, commodity broking and non-banking financial services, has placed big bets on the market's growing penchant for online trading. The idea is to offer at competitive costs, online facilities that will ultimately cover a host of activities.

These will include online distribution of retail investment and savings products, including insurance and mutual funds.

R Trade Securities, the stock broking arm, has acquired the BSE and NSE tickets, while R Trade Commodities has taken up memberships of the key commodity exchanges.

R Trade Financial Services has received the RBI's approval for commencing business as well. R Trade, according to sources, hopes to start with about 50 or so offices around the country, eight of which will come up in Mumbai.
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