INSUBCONTINENT EXCLUSIVE:
Facebook, Amazon, Apple, Netflix and Google are among biggest listed business in United StatesNSE International Exchange (NSE IFSC), a
completely owned subsidiary of NSE, will soon allow Indian-based financiers to sell choose United States stocks, making Wall Street-listed
stocks inexpensive to Indian retail financiers
This move is considerable in the background of the growing interest in United States listed stocks, especially those of tech giants such as
Facebook, Amazon, Apple, Netflix and Google
NSE IFSC will reveal the functional information soon and launch the item soon, NSE International Exchange said in a press release.Vikram
Limaye, MD - CEO, NSE said, This will be an innovative product, and one of the key turning points for NSE IFSC that will broaden the
product coverage of the Exchange beyond existing clientele
With the guidance of IFSC authority and the assistance of all the key stakeholders included, we wish to operationalize this item soon
A prospective financier will need to open an account with a broker registered with NSE IFSC in GIFT City, total the obligatory KYC procedure
and afterwards remit funds approximately $2,50,000 in a provided fiscal year
Investors will be provided with a choice to sell fractional amount/ value when compared to the underlying shares traded in United States
markets, NSE International Exchange added.Facebook, Amazon, Apple, Netflix and Google, jointly called 'FAANG' stocks, are amongst the
biggest listed and most popular business in the United States
Apple is the biggest company in United States in regards to market capitalisation
While Google (now Alphabet), Amazon and Facebook count among the top 5 tech companies.
