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Zerodha, Groww, Angel One and Upstox have secured the nod to offer international and US stock investing through GIFT City

The launch of international investing is two-three months away, depending on the preparedness and testing, say sources

Raise Securities, which runs Dhan, also launched US stocks last week. IndMoney was among the first Indian broking firms to secure the international investing license through the IFSCA.

IFSCA is the authority for the development and regulation of financial products, services and institutions in the GIFT City.

While Zerodha and Upstox will operate as broker- dealers, Groww and Angel One will run operations as global access providers (GAP).

To enable international investing, Zerodha and Upstox will route trades through foreign clearing firms ViewTrade International, Interactive Brokers, and Alpaca Securities, sources said.

Source: Moneycontrol

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