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Kochi, May 2

UAE Exchange, which is into money transfer, money changing and travel and tourism, today launched its online stock trading service, adding to its existing stock trading service. UAE Exchange's Chairman and Managing Director, Dr B.R. Shetty said the company is planning to have all its branches as `one stop financial shopping mall.' According to Mr Sudhir Kumar Shetty, Chief Operating Officer of UAE Exchange is hopeful of transferring Rs 10,000 crore into India from abroad in this year, recording a growth of 18-20 per cent from the previous year. Its money transferring business grew by 32 per cent in 2005 to around $ four billion, Mr Shetty said.

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