Sebi orders bourses to release first list of 'big brokers' in a fortnight

The Qualified Stock Brokers, or QSBs, will be required to analyse client behaviour and trading patterns, and detect unusual activity

The capital market regulator has directed stock exchanges to release the first list of Qualified Stock Brokers (QSBs) within 15 days.

On Monday, Sebi also issued parameters to be considered for designating a stock broker as QSB, loosely big broking outfits that are systemically important.

Initially, the total number of active clients, total assets, trading volumes and end-of-day margin obligations of all its clients will be set as parameters for designating a stock broker as QSB.

An individual score will be given to each parameter and then the total score will be calculated. To prepare the first list, the basis