Online trading firm ICICI Direct has signed a deal with American securities services provider Penson Financial Services, Inc (PFSI) to facilitate overseas trading for Indian investors.
ICICI Direct customers will get single-window access for both domestic and US share trading, and will be able to invest in overseas securities that include shares, ADRs, index options and ETFs on the New York Stock Exchange, American Exchange and Nasdaq.
The tie-up comes in the wake of the new liberalised RBI remittance scheme whereby individual investors can invest up to $200,000 per financial year.
ICICI Direct customers will get single-window access for both domestic and US share trading, and will be able to invest in overseas securities that include shares, ADRs, index options and ETFs on the New York Stock Exchange, American Exchange and Nasdaq.
The tie-up comes in the wake of the new liberalised RBI remittance scheme whereby individual investors can invest up to $200,000 per financial year.
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