Ahmedabad-based Vimal Stocks Ltd has joined hands with UK-based Spread Co to form a new entity called Vimal Trade, which will provide a trading platform to high net worth individuals (HNIs) in India to invest in global markets.

Vimal Stocks Ltd provides brokerage, research and portfolio management services to its clients and it has entered into trading space for the first time.

Click here for Cloud Computing

Also Read   Related Stories News Now - Caught in the money flood - 'We will look at a 30-40 stock index' - MCX-SX ties up with FTSE for domestic index series - RIL's growing index weight causing problems for investors - European markets open flat - Oilmeal exports double in October on demand revival

Also Read   Related Stories News Now - Markets off day's low - Unitech to contest Telenor's demand for compensation - Municipal polls: Low voter turnout in Mumbai - Goldman upgrades Hero MotoCorp to 'buy' - Palm oil declines on global cues More

"Apart from this, we intend to provide around 20 to 22 trading platforms to investors for investing in global equities and commodities markets. These platforms also include names such as FTSE, Nasdeq, Chicago Board of Trade (CBOT) and London Metal Exchange (LME) to name a few," said Darshan Shah, CEO, Vimal Stocks Ltd while announcing the tie-up with Spread Co, which has 70,000 traders associated with it across the world.

Vimal Stock has offices in London and Singapore in addition to nine offices in Gujarat.

The city-based company now plans to set up its corporate office in Mumbai and later on expand its network to Delhi and Chennai.

So far, it has also registered 150 clients for its new trading service. In order to fund expansion plans, the company plans to come up with initial public offer by 2012.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets off day's low - Unitech to contest Telenor's demand for compensation - Municipal polls: Low voter turnout in Mumbai - Goldman upgrades Hero MotoCorp to 'buy' - Palm oil declines on global cues

Tags : Vimal Stocks | Indian Premium Securities | FTSE | Nasdeq | CBOT | LME | Darshan Shah |   Read Business news in  Advertisements -  Now property search gets more exciting than ever before! -  High Growth Business Opportunities in Africa - Register to explore -  We live for our family. have you secured them? -  Earn fuel worth Rs.2400 with Citi -  India's No. 1 Property Site. Click here to know more.. -  Get 5% cashback on telephone bills with Citi -  Diseases earlier, Saving Costs, Extending Lives. Know More.. -  Enjoy the journey as much as the destination. click to know more.. -  Exim Bank Conclave on India - Africa Project Partnership. Know more.. -  Medium-sized businesses are the engines of a smarter planet. -  Be part of it The World's Largest Aircraft. -  Creating Wealth made simple the SIP way. Know more.. -  Only Developer to give a guarantee on time space & rate. -  Office 365 for professionals and small businesses. -  Buy Your Property with Our Triple Guarantee in India. -  Improve Patient Care & Experience. Click here to know more -  Win a Business Class Ticket to Europe..Know more.. -   Introduce a New Automotive Luxury Car.. know more -  Health is Wealth..... Insurance + Savings... Know More...