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Me and a few of my few fellow trades buddy was considering to begin our personal prop frim. Now we have a sufficient capital, We wish to commerce solely in commodities market (each Indian and worldwide), however we’re caught with the place we must always set up our agency, India/UK?
If we set up the agency in India, the FEMA act will prohibit us from buying and selling in worldwide market, and if we based mostly in UK than our dealer(Interactive dealer) doesn’t enable us to commerce in India. what ought to we do on this scenario ? If we open the agency in GIFT CITy (IFSC) will be capable to commerce in each the market ?we select interactive dealer as a result of its the one dependable dealer who we are able to belief, who present prop desk service like multi person login, CRM, Threat administration and so on. Is there another dealer who present similar service ?
@nithin may please information us ? 
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djain21:
If we set up the agency in India, the FEMA act will prohibit us from buying and selling in worldwide market, and if we based mostly in UK than our dealer(Interactive dealer) doesn’t enable us to commerce in India. what ought to we do on this scenario ? If we open the agency in GIFT CITy (IFSC) will be capable to commerce in each the market ?
In the event you switch cash out of India to this UK firm, you continue to can’t do by-product buying and selling (fairness or commodity) with it, except after all, that is for hedging functions.
There isn’t any regulatory proper means to have the ability to do that.
So, there isn’t any method to commerce each Indian/UK market below the identical agency ?
djain21:
So, there isn’t any method to commerce each Indian/UK market below the identical agency ?
You may spend money on shares and commodities (shopping for the underlying), however you possibly can’t do derivatives buying and selling.
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hello had been you in a position to kind that prop buying and selling agency in uk ?
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