SAMCO Securities

SAMCO Securities is a Mumbai-based online discount broker and the execution broker for the Indian Trading League.[1] It offers retail broking solutions using a flat fee model on India’s leading bourses (NSE, BSE, MSEI, MCX and NCDEX) across stocks, futures, options, currencies and commodities. Commodity transactions are routed through SAMCO Commodities Ltd, a wholly owned subsidiary.

History

The firm was established in 1993, was previously known as Samruddhi Stock Brokers Limited.[2] In 2015, the company changed its name to SAMCO Securities Limited. In the same year, it launched the Indian Trading League (ITL[3]), India's only commodity and stocks investment and trading league.[4]

In February 2016, SAMCO Securities became the first discount broker in India to offer a margin funding facility with its "Cashplus" product.[5]

References

  1. ↑ "About Samco - Discount Broker in India for Online Share Trading".
  2. ↑ "Online Share Trading in NSE / BSE / MCX / NCDEX | Discount Broker for Indian Stock Market - Samco". www.samco.in. Retrieved 2016-04-10.
  3. ↑ "SAMCO launches Indian Trading League". Times of India. 2015-05-07. Retrieved 2015-05-07.
  4. ↑ "SAMCO Securities Limited: Private Company Information - Businessweek". www.bloomberg.com. Retrieved 2016-04-12.
  5. ↑ "Discount broker SAMCO forays into margin funding". The Hindu Business Line. Retrieved 2016-02-18.

External links

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