Brokers Closing Shop As Volumes Shrink

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BUSINESS STANDARD
Last Updated : Jun 28 2001 | 12:00 AM IST

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

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

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