Speaking on the occasion First Global director Shankar Sharma said, "This would enable the firm to raise fund overseas for investments in India, through the asset management structure. The FII status is in line with our plans to get into the asset management in a big way, globally."

The company has adhered to all the Sebi guidelines and has undergone stringent evaluation procedures. Mr Sharma further added the company's main focus would be on research as it is the key for successful investment decisions. The company recently has become the first Indian firm to get a membership to trade on the London Stock Exchange. It can also be mentioned that, from November 2000, the company through its overseas subsidiary commenced trading in US derivatives at the Chicago Board of Options Exchange.