BSE brokers ink pact with Germany's Federal Service Authority

BSE Brokers Forum today said it has inked an MoU with Federal Service Authority, Frankfurt, Germany.
The pact sets the base for exchange of information, market research and sharing of knowledge, BSE Brokers Forum said in a statement here.
The objective of the MoU is to have mutual collaboration and work together for capital market development, it added.
Siddharth Shah, chairman of BSE Brokers Forum, said, "The MoU is one more step in that direction. We are sure that signing of this MoU with a nation like Germany would give our brokers a good platform to share information about best market practices."

Alok Churiwala, vice-chairman, BSE Brokers Forum, said, "Signing this international MoU would give the Indian brokers a good exposure to the best practices followed, better exposure to advanced concepts of trading and investment, in-depth understanding of automated trading in the developed capital markets."
"The sharing of information, research and other market practices would give our members more understanding of the developed market dynamics," he added.