What about EBAY?

Have you checked with GunnAllen? Edward Jones?

Thanks Philo Kvetch for good suggestions.

One of the attributes of the potential partners that we are looking for is an exceptionally strong expertise in internet based on-line trading. This is basically to provide trading services to the Indian investors living in remote areas and expats in Dubai etc..

Any inputs are appreciated.

Thanks

Morse -.

[quote=Philo Kvetch]Have you checked with GunnAllen? Edward Jones?[/quote]

PM me! I'd be willing to run India's trades through my office and across my BD (one of this nation's largest and best!). Heck, maybe we'll even talk about getting you a volume discount!

I mean, granted, it sounds a little bit…“Nigerian Yellowcake email”, but, trust and verify!

[quote=morse]

Thanks Philo Kvetch for good suggestions.

One of the attributes of the potential partners that we are looking for is an exceptionally strong expertise in internet based on-line trading. This is basically to provide trading services to the Indian investors living in remote areas and expats in Dubai etc..

Any inputs are appreciated.

Thanks

Morse -.

[/quote]

Last time I checked Edward Jones was very strong in the internet

I think Jones plans on opening offices in India sometime in 2008…

Thanks to all of you for your time & inputs.

Morse -.

Morse:

I take it you read the Hindustan Times once in a while. What credence do you give to the latest "rumour" about Hindalco having interest in Canada's most eligible "bride," AL(can)?

It seems as though everyone and his brother have been "rumoured" to have interest since Alcoa (AA) showed up last month with their entirely too LOW offer.

FD: long AL, flat AA.

Hindalco Industries Ltd has just completed the acquisition of Novelis in an all-cash transaction which values Novelis at approximately US $ 6.0 billion, including debt.

As you might know, Hindalco is the flagship Company of the Aditya Birla Group, a multinational conglomerate with annual revenue of US $ 14 billion and a market capitalization in excess of US $ 23 billion.

I personally doubt if they can buy ALCAN at this juncture. Joint bidding is possible as reported. The rumors that you mentioned actually depressed the share price as investors felt that the company might be over-extending itself..

Feel free to ask if you have any questions about the Indian stock markets or any specific Indian stock..

Morse-.

Thanks, Morse, I will do so and appreciate your willingness to educate me and others about the Indian stock market. You guys have T+2, don't you? Still can't understand why we (the US) can't and don't have quicker settlement times.

I was with AL(can) a long time ago and think the Novelis deal is good long term but that Hindalco may have paid a little too much.

I think Norsk-Hydro's probably going to be the one who winds up with Alcan eventually (best fit long term). Too many obstacles with the FTC domestically with Alcoa (Boeing complaints, packaging firm objections). Also there's some culture clash stuff which would take years if not decades to work out.

[quote=Gone Indy]I think Jones plans on opening offices in India sometime in 2008...[/quote]

Which means they'll be lucky to open one by 3008.

We had our share of scams in the last two decades. Our industry watch-dog SEBI was modelled after SEC.. National Stock Exchange (NSE) - with suppport by the Indian government - ushered in the electronic trading and once SEBI was given more powers, it broke the cozy club of the Bombay stock brokers who quickly fell in-line with all the reforms, including T+2..

The 9/11 and the subsequent events (such as bombings in Bombay by Muslim terrorists - India has mostly Hindus - 80%+ ) saw a violent volatility in the Indian stock markets in the last few years - but, thanks to the policies set in place by SEBI - there were no dafaults in the payments and investor confidence in the capital market system is quite high.

Morse -.

I wish the old boys/girls here would get with the program on T+2.

There's NO reason why it can't be done.