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National Stock Exchange CEO and Managing Director Ravi Narain, today launched FLIP (Financial Investment Platform), Geojit BNP Paribas Financial Services’ new, enhanced online investment platform, by placing an order. The launch was done at a press meet in Mumbai organized by Geojit BNP Paribas, a leading retail financial services company. FLIP is a complete enhanced online investment solution that incorporates a full-fledged Order Management System with built-in multi-level security risk management and real-time streaming market data. FLIP seamlessly integrates with the Risk Management System to offer a complete array of financial instruments such as equities, derivatives (stock and currency), margin funding, mutual fund units and IPOs for a smooth and rich investment experience. FLIP has been developed by Geojit Technologies (P) Ltd., a subsidiary of Geojit BNP Paribas.
Some of the advanced features of FLIP are- an advanced configurable workspace, multi-market watch in a single screen, simultaneous tracking of up to 9 scrips by Market By Price/Charts in a single screen, monitoring of 6 sectors in a single window with customizable fields and cross exchange Market By Price that helps trace NSE/BSE price movements etc. Investors can take timely advantage of investment opportunities by leveraging their total buying power across the different investment instruments and services that they have opted for. Smooth and secure online fund transfer is available through multiple bank payment gateways in addition to RTGS / NEFT.
Comprehensive support tools such as regular Research Reports, Technical Analysis and trading ideas from a team of experts, dedicated support from the Call Centre, 24*7 Customer Care site, real-time market information on mobile phones, facility to place offline market orders have been designed to help investors take informed investment decisions.
Speaking at the launch Ravi Narain, National Stock Exchange CEO and Managing Director said, “I am very happy to be associated with the launch of this professional and advanced online investment platform from Geojit BNP Paribas. Investors can enjoy the ease and convenience of online investment in a complete suite of financial products and services through this fast, secure and multi-feature/channel platform.”
A. P. Kurian, Chairman, Geojit BNP Paribas, said, “We are confident that following the launch of FLIP, we will be able to add significant numbers to our expanding online client base comprising of retail domestic and NRI clients. Today, we have over 500,000 plus clients executing over 300,000 trades daily.”
“The new online investment platform FLIP is the outcome of 23 years of experience and domain knowledge gained by Geojit BNP Paribas, the first broker in the country to introduce Online Trading in February 2000. This experience is now fortified by the expertise of BNP Paribas Personal Investors, Europe’s No.1 online broker,” said C. J. George, Managing Director, Geojit BNP Paribas, in his opening address.
A. Balakrishnan, Managing Director, Geojit Technologies (P) Ltd. said, “FLIP is a comprehensive financial investment system with the capability to plug-in multiple markets across the world supporting varied financial instruments. FLIP uses FIX adapter to connect to multiple markets to serve across different client categories including institutions, retail, investors, traders and HNIs. It has enhanced market data systems, FIX engine and robust risk management functionalities making it a complete Order Routing cum Risk Management system. Apart from Indian stock exchanges, the stock exchanges of Saudi Arabia and Oman have already empanelled this solution.”
About FLIP (Financial Investment Platform) Geojit BNP Paribas’ FLIP is a complete enhanced online investment solution that incorporates a full-fledged Order Management System with built-in multi-level security risk management and real-time streaming market data. FLIP seamlessly integrates with the Risk Management System to offer a complete array of financial instruments such as equities, derivatives (stock and currency), margin funding, mutual fund units and IPOs for a smooth and rich investment experience. FLIP has been developed by Geojit Technologies (P) Ltd., a subsidiary of Geojit BNP Paribas.
1. Comprehensive Market Watch and Workspace
a. Apart from traditional market watches, there are multiple market depth windows, track 9 scrips in a single window, sector tracking, interactive charts, etc.
b. Cross Exchange MBP (Market By Price)
c. Facility to place orders from Market Watch
d. Facility to view order status, trades, positions and buying power .
2. Single Platform across Products
a. Multiple Exchanges
b. Multiple Products & Multi Financial Instruments (delivery, intra-day, margin funding, Equities, Derivatives, Currency, Mutual Funds, etc.)
c. Enhanced comprehensive Buying Power based on collaterals applicable across all exchanges, all products and all financial instruments
d. Single login across all financial instruments.
Multi Version FLIP
FLIP has been designed in four versions to suit all categories of clients
a. Platinum – This is an executable that resides in the client machine giving a real dealer experience while transacting
b. Gold – This is a browser based version enabling anytime anywhere transactions with features and functionalities similar to those available in Platinum
c. FLIP-Lite - This is a very light version of Gold, for those who want a quick transacting facility
d. FLIP-Mobile Edition (FLIP-Me) – Mobile version of FLIP for real-time Market Watch, Quotes, Market-by-Price, etc.
4. Versatile Risk Management System
a. Very flexible and advanced Risk Management System
b. Multi level controls and limits
c. Co-existence of exposure based, VaR and Span margin systems
5. Dealer Workspace
a. Alerts, news, research reports neatly twined for complete control
b. Dealer – Client relationship
c. API interface to Back Office systems
6. Channel Integration
a. Client can select the channel of his convenience each time he wants to invest or trade from the multi- channel network options such as Internet, Phone or Branch
7. Market Data Systems
a. Integration of Exchange Feeds
b. Third Party News
c. In-house Analysis
d. Third-Party Research and Analysis
e. Compatible for fast Broadcast
About Geojit BNP Paribas Financial Services Geojit BNP Paribas Financial Services (www.geojitbnpparibas.com) is one of the leading retail stock brokers in India, with a strong presence in the Gulf countries. Listed on the National Stock Exchange (NSE) and on the Bombay Stock Exchange (BSE), it has more than 500,000 clients, a network of over 500 offices and manages assets worth over Rs 10,000 crores. BNP Paribas is its main shareholder.
Geojit BNP Paribas operates in Bahrain and in Oman. Barjeel Geojit Securities, its joint venture with the Al Saud group is headquartered in Dubai, in the United Arab Emirates, and owns branches in Abu Dhabi, Ras Al Khaimah, Sharjah and in Muscat. Aloula Geojit Brokerage Co., the joint venture with the Al Johar group in Saudi Arabia is headquartered in Riyadh. BNP Paribas Securities India Private Limited is the company’s joint venture with BNP Paribas for institutional brokerage.
About BNP Paribas
BNP Paribas (www.bnpparibas.com) is one of the 6 strongest banks in the world according to Standard & Poor's (within its peer group). With a presence in 84 countries and 205,000 employees, including 162,500 of which are in Europe, BNP Paribas is a global-scale European leader in financial services. It holds key positions in its three activities: Retail banking, Investment Solutions and Corporate & Investment Banking. The Group benefits from its four domestic markets: Belgium, France, Italy and Luxembourg. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.