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Stampede Capital receives RBI nod to set up subsidiary company in Singapore

06 Nov 2014 Evaluate

Stampede Capital has received Reserve Bank of India’s (RBI) nod under FEMA 1999 to set up overseas Stampede Financial subsidiary in Singapore. This will create an opportunity to the company to become an electronic designated market maker for Global Exchanges.

The Singapore Exchange (SGX), Eurex (EX) and Australian Exchanges (ASX) have already agreed in-principle to appoint Stampede Financials as designated electronic market maker.

Stampede Capital (formerly Brilliant Securities) is engaged in stock broking and Investments activities.

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