Cover Story Monday, October 30, 2000

NET TRADING

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blbfinwiz.com

Customised care
BLBFINWIZ.COM has been launched by BLB Ltd which has over 35 years of experience in the Indian stock market. The latter is a leading stock broking group with corporate memberships of BSE, NSE, DSE, CSE, UPSE and OTCEI besides a membership of NSDL to act as a DP.

BLB’s on-line venture, blbfinwiz.com, brings per-sonalised customer care and efficiency combined with comprehensive information and services related to the financial sectors. The existing portal carries some unique features like investor grievance modules, database of Indian corporates, investor education, recommendations, etc.

About the status of the company on gearing up for Internet trading, Pavan Kumar Vijay, MD, says, “We are ready for Internet trading but the feedback we have received in general is not very encouraging. We are doing a SWOT analysis of the current situation and modifying the various modules to eliminate the remaining hinderances. Internet trading in India will see a major growth in the near future. The firm believes that traditional brokers have to reposition themselves. In order to keep the existing client base intact, they have to conform to alternative means of web trading to be in the market.”

According to him, the advantages of Net trading to an investor are more transparency and convenience and to a broker it is easy to expand his business.



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