Anil Dhirubhai Ambani Group firm Reliance Money on Wednesday said it has entered into an agreement with Singapore-based DBS Vickers Securities to facilitate trading in global commodity exchanges for Indian companies.
Under the agreement, the firm would provide trading facilities for different derivatives including agricultural products, metal and energy products, which are traded on various major exchanges worldwide, Reliance Money said in a statement.
It would also provide trading facility on OTC (over-the-counter) products in segments such as energy and freight, the company added.
"Our agreement with DBS Vickers will now open a safe, secure and cost effective transaction platform for our customers to trade in Global Commodities Exchanges," Reliance Money Director and CEO Sudip Bandyopadhyay said.
"The size of the global commodities derivatives markets is estimated to be around USD 800 billion. We believe that Indian investors are looking at diversifying their portfolio and overseas trading service enables them to do so, Bandyopadhyay added.
DBS Vickers Securities is a member of the Singapore Exchange. It is the securities and derivatives arm of the DBS Group, a leading banking group of Southeast Asia.
Globally, exchange traded commodity futures is one of the largest market segments in the financial markets witnessing participation from the producers, users, traders alike.
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