Alpari India, part of Alpari (UK), a leading global provider of online foreign exchange (“FOREX”, “FX”) trading services, recently introduced Exchange -Traded Currency Derivatives for Indian markets on the first anniversary of its office opening in Mumbai.

Alpari India clients will now be able to trade in USD/INR, GBP/INR, EUR/INR, and JPY/INR currency pairs traded on the Currency Derivatives segment of NSE, MCX-SX, and US exchanges.

From Alpari.co.in:

Andrey Vedikhin, CEO, Alpari (UK) said, “It’s a proud moment for Alpari India and Alpari Group today. By launching Exchange-Traded Currency Derivatives in India, we are reinforcing our commitment to investors and market participants in the region and to the long-term growth of the Indian financial markets. We are excited to be a part of the India story and we believe that the region will become a key in driving global economic growth and development in the coming months and years. For the past year, there has been a tremendous growth in India for Forex trading and we believe that our Indian operations will play a significant role in the global growth of Alpari Group.”

Pramit Brahmbhatt, CEO, Alpari India said, “At Alpari India, we believe that Indian financial markets are poised for an exponential growth in the months and years to come. With a fundamentally strong economy, and an appetite for growth among the Indian investor community, we expect these newly launched products to deliver significant revenues for Alpari India. By 2011, we hope to increase our network to 1000 plus sub brokers and are also targeting to achieve a client base of over 20,000 live-accounts.”

“Over the next year, we will continue to focus our efforts in currency education and information dissemination. We also plan to expand our retail and institutional client base and increase our geographical footprint in India this year. We have identified 10-12 strategic locations for our geographical growth and we plan to open multiple new offices in India this year,” added Mr. Brahmbhatt.

The Indian equity market occupies the number one position in the ‘stock futures market’ when compared to its counterparts across the world.