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| In-Arabia Solutions starts A'bad operations |
| BS Reporter / Mumbai/ Ahmedabad Aug 18, 2010, 00:15 IST |
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UAE-based In-Arabia Solutions Ltd, an online forex brokerage offering services in over 70 currency pairs, today launched its operations in India with opening office of its subsidiary — In-Arabia Solutions (India) in Ahmedabad. The new arm will act as customer support center of the group also having other subsidiary in USA and clients in more than 120 countries.
Jay Trivedi, Managing Director, In-Arabia Solutions (India), said, “We have 8000 plus customer base worldwide so we have decided to start our customer support center from Ahmedabad. In trade, In-Arabia Solutions’ weekly liquidity is about $ 600 million. We also have plans to set up offices in Africa as well as in China by the end of this year.”
The daily turnover of the global Forex market is pegged at $ 4 trillion, which is 81 times higher than the volume of New York Stock Exchange, Trivedi added.
The Dubai-headquartered company was set up by first-generation entrepreneurs in 2009. The group has also registered a bank in Mauritius — In-Arabia Finance Ltd and a retail banking arm in New Zealand — In-Arabia Investment Ltd.
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