ING Vysya Bank Signed Agreement with Angel Broking

ING Vysya Bank on 22 December 2010 announced that it signed an agreement with Angel Broking to offer online trading. As per the agreement ING Vysya bank's customers will now be able to enjoy the facility to operate an integrated savings account, demat account and trading account on a single platform. The bank will facilitate customers to choose across online trading, mobile trading and also dealing facility through the phone or call and trade. The agreement provides a platform to trade in equities, futures and options and exchange traded currency derivatives and commodities. Angel Broking will provide the dealing support and research and advisory services as well as invest Rs 18 crore for the joint venture by financial year 2012 and deploy 200 people. Angel will charge 0.4 per cent as brokerage fees for ING Vysya Bank customers and 0.5 per cent for other customers.