A trade hub in the coastal Andhra, the city is witnessing a steady rise in investments through online trading platforms that have come up over the last eight years. Starting from nowhere in 1998, the trading through seven to eight players has reached nearly Rs. 300 crores a day now. The business is expected to increase much more in the coming years, given the general investment climate.
The online trading in commodities has picked up momentum in the last one year and the volume has reached Rs. 300 crores. Of this, business in the commodities comes to Rs. 100 crores. The remaining Rs. 200 crores is done in equity.
Three trading companies, which are active in commodities segment, have gained a foothold in the investor base. The volumes have particularly increased in the trading of pulses, crude oil and bullion.
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