Business Standard

Brokers Closing Shop As Volumes Shrink

Image

BUSINESS STANDARD

Close to 450 members of both the National Stock Exchange and Bombay Stock Exchange are planning to surrender their membership or sell their cards in an attempt to exit the business. Sinking business volumes and falling brokerage rates are forcing them to close shop.

However, getting back deposits from the exchanges or selling their cards is proving to be a tough task. They are required to obtain a

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 28 2001 | 12:00 AM IST

Explore News