• GDR / ADR Trading:
    As an India-focussed London Stock Exchange member, we are a substantial player in the Indian GDR market. We specialise in trading large blocks and can often provide two way prices in several Indian GDRs on the basis of substantial client interests. We do not trade a proprietary book and our interests are always aligned with the interests of our clients. We follow high standards of price execution and transparency. In Indian ADRs we can provide prices outside the US market hours as well.


  • Convertible Bond Trading:
    We offer a broad range of CB related services from execution to volatility arbitrage. Raising capital through Foreign Currency CBs continues in India and a steady flow of new issues, the improving credit scenario and the growing market means opportunities in these instruments are continually cropping up.


  • Arbitrage Trading:
    We advise clients on Arbitrage strategies. We specialise in exploiting price differences between GDRs/ADRs and Indian domestic stocks. We also advise clients who trade domestic Indian stocks against stock specific futures.


  • Structured Products:
    In addition to providing access and advice in relation to listed derivatives, we can arrange and structure bespoke products to suit specific needs. For example: single stock options stripped from CBs to improve gearing or Capital Guaranteed Notes providing exposure without capital risk.