Stockbroker

Sebi scrutinises brokers linked to algo trading with guaranteed returns

Over 100 brokers have received Sebi warnings for allowing APIs of algo provider TradeTron, which allegedly provided assured returns

Zerodha customers hold over Rs 5.66 trillion in demat accounts: Kamath

Nithin Kamath said that Zerodha had a profit of Rs 4,700 crore for FY24, with customers holding over Rs 5.66 trillion in demat accounts. The company now aims to reduce its reliance on F&O for revenue

Beware of stock investment-related calls from these two numbers, warns NSE

The NSE warned the investors against sharing their login credentials with any person claiming to be a member of any registered entity of the exchange

T+0 settlement will be a watershed moment for us: Gurpreet Sidana, Religare

Broking industry has moved beyond pricing, additional exposure limits, and tips, says Gurpreet Sidana, chief executive officer at Religare Broking

TMS Ep534: Car buying spree, China's economy, stockbroker, malaria vaccine

Why are Indians on a car buying spree? Is China's authoritarianism hurting its economy? How are traditional brokerages fighting back? What is the R21/Matrix-M malaria vaccine? All answers here

Shriram Group tycoon who gave away $750 mn sees profit in loans to poor

A pioneer in extending credit to India's poor for trucks, tractors and other vehicles, Thyagarajan built Shriram into a conglomerate that employs 108,000 people in everything

Stockbroker Angel One logs rise in profit by 22% in Q1 as orders surge

Angel One held a 12.5% share in the number of demat accounts in India in the June quarter, up from 10.8% last year

Tech use, reviews, rating: What to look for when picking a stockbroker

List your requirements and shun firms with a high number of complaints against them

5x in 5 financial years: Mkt share of discount brokers gains stock

Held sway over 57% of active clients in 11 months of FY23

Sebi may prescribe higher net-worth needs for qualified stockbrokers

Regulator's approach being looked at as similar to one of different layers of NBFCs specified by RBI

Professionals serving affluent clients must buy bigger indemnity covers

They should avoid professional indemnity policies with sub-limits or high deductible

Settlement scheme to be extended for 150 brokers from December 19

The scheme ends on January 19, 2023; terms and conditions will be made available on date of commencement

Towards a vibrant bond market for retail investors

Registering online bond platforms as stockbrokers will ensure transparency and protect investors' rights. However, investors must ensure that they are dealing with market participants

Sebi extends last date for implementation of new pledging system to Sept 1

Earlier deadline was July 1; Move follows request by depository firms tasked with readying the backend for the new system for extension as the "changes to the systems are still under process"

Stock brokers to report cyber attacks within 6 hrs of detecting them: Sebi

Sebi on Thursday asked stock brokers and depositories participants to report all cyber attacks, threats and breaches experienced by them within six hours of detecting such incidents. They have to report such incidents within the specified time to the exchanges, depositories and the regulator. The incident will also be reported to the Indian Computer Emergency Response team (CERT-In) in accordance with the guidelines issued by CERT-In from time to time, according to a circular. Additionally, the stock brokers and depository participants, whose systems have been identified as 'protected system' by National Critical Information Infrastructure Protection Centre (NCIIPC) will also report such incidents to NCIIPC. "All cyber attacks, threats, cyber incidents and breaches experienced by stock brokers/ depositories participants shall be reported to stock exchanges/ depositories and Sebi within six hours of noticing/ detecting such incidents or being brought to notice about such incidents,

Silicon Valley adage of fail fast not feasible in fintech: Zerodha CTO

In a Q&A, Kailash Nadh dwells on the complexities of building fintech products and ensuring engineers fit in culturally

UCO Bank extends tie up with Fisdom; to offer demat, stockbroking services

State-owned UCO Bank has extended the fintech partnership with Fisdom to include demat account and stockbroking services, pension funds and tax filing

Sebi beefs up risk management norms, asks MFs to appoint dedicated officer

Risk to be divided into two broad categories--scheme-specific and AMC-specific--with further sub-divisions in each

Keep a close watch on the cash you've left lying with your broker

If you are not going to trade frequently, don't leave excess cash in your trading account and make sure check weekly reports sent by the exchange carefully

Discount model the new mantra for broking firms to gain market share

Kotak Securities (KSL), a full-service broker, on Thursday announced the launch of its Trade-Free Plan, with zero brokerage on intraday trades and Rs 20 per order for all other F&O trades