Reliance Money

Reliance Money in pact with DBS Vickers

• Reliance Money has entered into a pact with DBS Vickers Securities (Singapore) Pt. Ltd to facilitate trading in global commodities exchanges for Indian corporate and other appropriate participants.
• The announced was made by Sudip Bandyopadhyay, director and CEO, Reliance Money, in Mumbai on Wednesday(10th Dec 2008).
• The size of the global commodities derivatives markets is estimated to be around $800 billion. Indian investors are looking at diversifying their portfolio and overseas trading service enables them to do so.
• Globally, exchange traded commodity futures is one of the largest market segments in the financial markets witnessing participation from the producers, users,traders alike. The offering under this agreement will broadly comprise derivatives in agricultural products, metals and energy products traded on various major exchanges worldwide as well as OTC products in segments such as energy and freight.
• Reliance Money is part of the Reliance Anil Dhirubhai Ambani Group, while DBS Vickers is a wholly-owned subsidiary of DBS Bank, one of the largest financial services groups in Asia. DBS Vickers is a leading securities and derivatives brokerage firm in Singapore with a rich Asian heritage and strong Asian focus.