Opens online trading platform today

Kochi: Alwaye-based private sector bank, Federal Bank, is entering the online trading platform from tomorrow. The new initiative of the bank, named Fed – e Trade, will be operational in association with Geojit Financial Service (GFS), a stock broking company. According to Federal Bank, the new Internet-based facility would enable bank's clients to e-trade in equities, derivatives, IPOs and mutual funds.

The facility is offered to customers through a 3-in-1 account package which integrates banking, demat and trading accounts. While banking and demat accounts will be provided by the bank, trading will be done through the facility of Geojit.