May 22, 2017, Bangalore :Finvasia, India’s first broker that offers commission free trading, has won the award for ‘Best Trading Execution or Brokerage Platform’ at the 2017 Benzinga Global Fintech Awards in New York, USA. The award is one of the biggest events that acknowledge the achievements of the disruptive businesses and innovators from the capital markets around the world. Over 225 handpicked companies were shortlisted from across the globe for these much coveted Awards. The Benzinga Awards is a global competition to showcase the companies with the most impressive technology, who are paving the future in financial services and capital markets.
Each nominated company was assessed by a panel of expert judges that included current and former C-suite executives of financial institutions like Thomson Reuters and Morningstar, as well as many leading investors, VCs, television personalities and financial innovators. Based on their assessment, and the outcome of social voting, companies selected became part of the Benzinga Global Fintech Awards finalistslist before progressing to the final awards. Finvasia competed against Fidelity, Lime Brokerage (Wedbush), m1 Finance, OptionsHouse, SelfWealth, Sterling Trading Tech, StocksToTrade, T3 Live and TD Ameritrade (AMTD) in Best Trading Execution or Brokerage Platform category.
Commenting on this award, Sarvjeet Singh Virk, Managing Director, Finvasia, said “We are proud to be recognized as the Best Trading Execution Brokerage during the Benzinga Global Fintech Awardsand honoured to have been selected by such an outstanding panel of experts. The Award stands testimony to the tech-led innovation at Finvasia”
Natty Virk, CEO Finvasiaadded“This award is a great honour, not only for Finvasia, but also for the customers that have put their trust in our technology and have supported us throughout the years. We kept our focus on creatingtechnologically driven trading products and delivering seamless digital experiences across multiple customer touchpoints to reach where are today.”
Finvasia is India’s first Fintech offering Zero Bokerage and Zero Clearing trading account using SEBI approved Aadhaar based process. With offices in Mississauga (Canada), London (UK), Chandigarh (India), it acts as a one stop shop for various Hedge Funds, Fund of Funds, FPIs by providing Pre/Post registration with DDP to Clearing, Trading, Advisory, Compliance and Accounting services. Our comprehensive suite of products and services help us cater to almost any and all needs of an FPI, starting from getting FPI approval, trading services, to filing for your taxes and getting repatriation certificates.
Being a Foreign Institutional Investor since 2011, the company has hands-on experience registering various FPI along with providing highly competitive brokerage plans and other costs from various entities involved. We are registered as Commercial Clearing and Trading Member of National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange (BSE) and a Trading Member of Multi Commodity Exchange of India (MCX). We act as Depository Participant with CDSL and filled application for Non-Banking Financial Corporation (NBFC) with approval expected shortly. Additionally, we were registered as a Foreign Institutional Investor (FII) with Securities Exchange Board of India and as an Investment Advisor with Securities and Exchange Commission, USA.
• Finvasia received Foreign Direct Investment (FDI) funding from global Venture Capitalists against a valuation of USD 22 Million in its pre-launch phase.
• Beginning 15th August 2016, Finvasia established itself as India’s first and only broker that offers Brokerage Free trading to retail clients. The company offers Zero brokerage trading in all segments on NSE, BSE, MCX exchanges
• The company is India’s first Clearing House providing FREE Clearing services to all FPI Clients in NSE derivative segments.
• Finvasia introduced India’s fastest account opening process that takes 5 Minutes to open an account using SEBI approved esign process.
• The company will be shortly launching its Artificial Intelligence based products: SMART and SCALPERT
About Benzinga Global Fintech Awards
Designed to uncover the most innovative companies within the financial technology capital markets sector, the Benzinga Fintech Awards provide winning finalists with new opportunities for growth and exposure. For the 2017 winner’s list, please visit http://www.benzingafintechawards.com