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| Additional information |
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| Sykes & Ray Equities India Ltd. |
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Mission statement:
We aspire to evolve to a leading provider of financial services enabling financial freedom for all our customers. |
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Overview:
Since 1990 SRE has undergone a metamorphosis from being a traditional proprietary concern to a professionally managed company hiring and retaining thorough professionals and market experienced personnel. So much so that the group has expanded from a handful of dedicated employees in the early 90's to over 150 to date.
SRE today is one of the foremost retail stock broking service entities on the country's two major exchanges, with a combined turnover of more than Rs 45,000 crores. It has presence in over 100 major centers of India through a network of business associates and branches. In continuation to the company’s endeavor to provide complete investment services, we have successfully launched an NRI Desk.
SRE has always maintained a Chinese wall between proprietary and client trading. Our endeavor has been to provide a transparent and systematic front office as well as back office operation.
In early 1997 SRE established an Arbitrage desk to exploit the Arbitrage opportunities that existed on the exchanges on which it had acquired memberships Stock markets, though computerized, provide elements of arbitraging between any two exchanges, due to lack of uniform distribution of information and difference in settlement cycles.
Our institutional equity business (IEB) thrives on institutional pedigree and strong research built among domestic mutual funds, banks, financial institutions, insurance companies and private sector funds. Efficient execution, quality research and high degree of compliance with stock exchange regulations and ethical business standards back IEB’s services to institutional investors through IPOs, Equities, Derivatives and Mutual Funds. IEB is well positioned to offer support to the complete range of institutions.
The SRE Research desk is one of the most talked about research. Investors are provided with extensive information on markets and company through reviews, market commentary and recommendation. This enables the investor to make informed decisions on the market. The company firmly believes the substantial value addition can be made in its services by providing continuous and accurate decision making tools to the investors.
The thrust towards Information Technology has made the company among the chosen few to have acquired a trading software through its own network, which assists in clients gaining live access to the two popular exchanges of BSE & NSE and also allow Order/Trade execution.
There has been an expansion, a widening of its scope, its branches. With Mutual Funds and derivatives coming of age, SRE has plans to provide retail investors an alternative investment opportunity through our existing distribution network. |
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Vision:
To nurture the wealth of the retail client while providing adequate knowledge and awareness, which helps them, meet their life goals through proper management of their personal finance. |
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History:
In 1990 we acquired memberships of the BSE (The Bombay Stock Exchange)
In 1994 we acquire the Membership Of NSE (National Stock Exchange)
In 1995, it established its Institutional Stock Broking Desk and acquired the Membership of Bangalore Stock Exchanges.
In 1997 we corporatised our BSE Membership from Yogesh R Gupta to Sykes & Ray Equities (I) Ltd.
In 1998 SRE, expanded its presence by creating an Arbitrage desk to exploit the arbitrage opportunities that existed in the stock markets and SRE commenced its offline Intranet trading and expanded sub-broker network.
In 1999 we acquired an OTCEI dealership, and its second membership with the BSE. SRE became the largest depository participant partners of SHCIL for the Year.
In 2000, SRE entered the field of derivatives trading, became depository participants of CDSL and through its subsidiary Ray Trading Pvt. Ltd. became the Corporate Agents of LIC.
In 2003, SRE, having registered with AMFI, not only began distributing Mutual Funds but also advising clients regarding the best possible funds that may benefit them.
In 2004, SRE, through its associate Ray Trading Pvt. Ltd. acquired the membership of the Multi Commodities Exchange (MCX) and the National Commodities and Derivatives Exchange (NCDEX).
In 2006, SRE understanding the complexity of financial products has launched a new division, which helps clients manage their finances called Financial Planning |
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