Brokers

The UPI-based block mechanism provides enhanced security by ensuring transactions from the bank account

Bombay Stock Exchange Brokers' Forum (BBF) on Wednesday said it has appointed Anup Gupta as the chairman, succeeding Kishor Kansagra. The appointment has been effected from September 30, the Forum said in a statement. Gupta, who is a director of Sykes & Ray Equities (I) Ltd, brings extensive financial expertise, including M&A, corporate finance, and derivatives. The Forum represents over 650 securities broking firms in India and actively contributes to regulatory policy. It also engages globally through affiliations with international financial bodies and focuses on professional development and investor education.

Amendment to SCRA to allow brokers venture into other businesses as long as client funds are protected

Discount brokers may raise charges

As a policy, everyone agrees it is wise to avoid collaborating with builders who have delayed projects for years

Stock exchanges and brokers, catering to retail traders, could be hit hard by the regulator Sebi's proposed measures for Futures & Options (F&O) trading regulations, with market volumes slumping 30-40 per cent, according to reports. If these measures are implemented, the number of investors could decrease, it added. Moreover, discount brokers, who depend heavily on retail investors, are expected to be more affected than traditional full-service brokers. Sebi, in its consultation paper in July, proposed seven measures, including increasing minimum contract size and upfront collection of option premiums, intra-day monitoring of position limits, rationalisation of strike prices, removal of calendar spread benefit on expiry day and increase in near contract expiry margin. Sebi stated that these measures are aimed at enhancing investor protection and promote market stability in derivative markets. According to a report by Jefferies, Sebi's proposed measures to reduce the number of .

Cash, derivatives segment volumes hold steady

A glitch on the BSE resulted in orders appearing in the 'Open Pending' state affecting brokers across platforms on Thursday

India's benchmark equity indexes hit record highs on Monday after exit polls over the weekend predicted a landslide victory for PM Modi

The Brokers' Industry Standards Forum (ISF) is confronted with the formidable task of uniting a divided house on the matter of extending market hours

Zerodha Co-Founder and CEO Nithin Kamath on Monday disclosed that he suffered a "mild stroke" six weeks ago. "Around 6 weeks ago, I had a mild stroke out of the blue. Dad passing away, poor sleep, exhaustion, dehydration, and overworking out -- any of these could be possible reasons," he revealed in a post on X. While disclosing about his health, Kamath said he had noticed his face drooping and struggled with reading and writing. He expects full recovery in 3-6 months. "I've gone from having a big droop in the face and not being able to read or write to having a slight droop but being able to read and write more. From being absent-minded to more present-minded. So, 3 to 6 months for full recovery," he said. He further said, "I wondered why a person who's fit and takes care of himself could be affected. The doctor said you need to know when you need to shift the gears down a bit. Slightly broken, but still getting my treadmill count". Nithin, along with his brother Nikhil Kamath, .

Sebi Whole Time Member Kamlesh Chandra Varshney on Saturday cautioned against manipulations in the capital market and urged brokers to keep an eye and prevent such instances. Clamping down on misdoings, the markets watchdog has been taking action against various entities for manipulations, including front running activities. Emphasising the importance of investor trust, Varshney said that if there is no trust of investors, "everything will fail". Manipulations are going on and Sebi cannot intervene in all of them. Some brokers are involved and the broker community should keep an eye as "bad elements can come in the system", he said. He was speaking at the 13th international convention of the Association of National Exchanges Members of India (ANMI) in the national capital. The Whole Time Member of the Securities and Exchange Board of India (Sebi) also said that entities should look at technological developments to improve efficiency as well as business.

A composite insurance broker can also sell reinsurance products besides general and life insurance products

Consensus from all associations of standards forum needed before submissions to Sebi

Markets regulator plans to make Industry Standards Forum a permanent feature

Brokers will firm up their opinion on the matter in a couple of months, after which investors will be consulted, Madhabi Puri Buch said at a brokers' forum in Mumbai

Experts said that the facility will offer a competitive edge to brokers leading to larger adoption over time

To promote ease of doing business, capital markets regulator Sebi on Tuesday tweaked the framework requiring stock brokers or clearing members to upstream clients' funds to clearing corporations. This came after Sebi received representations from various stakeholders -- stock brokers, and brokers' associations citing certain operational difficulties in implementation of the framework. Addressing the issue, Sebi said that stock brokers (SBs) or clearing members (CMs) will upstream all the clients' clear credit balances to clearing corporations (CCs) on the End of Day (EOD) basis. Such upstreaming will be done only in the form of either cash, lien on Fixed Deposit Receipts (FDRs) created out of clients' funds, or pledge of units of Mutual Fund Overnight Schemes (MFOS) created out of clients' funds. Stock brokers are required to maintain designated client bank account to receive funds from their clients. The nomenclature of all such accounts will be changed to either of the two ...

Rides the wave of mass affluence, financial literacy, and digital revolution

To safeguard the interest of investors, many brokers prohibit trading or purchase of shares of companies placed under GSM