Brokers

Brokers have called for clarity on resolution timeline, granting market institutions more powers to Access and act alone

Move comes after recent withholding of Rs 80 crore that impacted more than 160 brokers

Market regulator Sebi on Thursday discontinued the Investor Risk Reduction Access (IRRA) platform for stock brokers with immediate effect, citing its redundancy amid stronger business continuity and cyber resilience frameworks in the securities market. The IRRA platform, operationalised on October 1, 2023, was designed to provide stock brokers with an alternative access point for trading during the disruption of trading services offered by them, the regulator said. However, Sebi noted that several technology-driven measures introduced over the past few years have significantly strengthened stock brokers' operational resilience. These measures include operationalisation of Business Continuity Planning and Disaster Recovery (BCP-DR) requirements, enhanced cyber security and cyber resilience frameworks, implementation of Market Security Operations Centre (M-SoC), and strengthening of the technical glitch framework. According to the regulator, stock brokers have also adopted significan

Variable net worth to include 10% of the average credit balance of clients over the previous six months

RBI defers capital market exposure norms by three months to July, offering brokers temporary relief even as concerns over proprietary trading and lending rules persist

A six-month pause would give market ‌participants time ​to submit feedback, ​conduct impact assessments and engage in constructive consultations, according to the letter

Brokerages are planning to approach the RBI to review revised capital market exposure norms, which they say could hurt proprietary trading, raise MTF funding costs and weigh on market liquidity

To boost ease of doing business, markets regulator Sebi on Friday proposed additional relaxations to reporting norms for stock brokers, including exempting certain demat accounts held by brokers who are also primary dealers from tagging requirements. Further, brokers that are banks or primary dealers will be required to report only those bank accounts that are used for stock broking activities, Sebi proposed. "All demat accounts maintained by stock brokers should be appropriately tagged. Further, this shall not be applicable for the demat account which are used exclusively for activities other than stock broking activities by stock brokers, which are also primary dealers. "Stock broker which is also bank or primary dealer, shall be required to report to the stock exchanges only those bank accounts that are used for their stock broking activities," Sebi said in its draft circular. Under the current rules, brokers are required to maintain properly named and tagged bank and demat ...

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Markets regulator Sebi on Friday overhauled the framework for dealing with technical glitches in stock brokers' electronic trading systems, easing compliance norms, rationalising financial disincentives and excluding smaller brokers from the ambit of the rules. Under the revised framework, glitches occurring beyond a broker's control will no longer be covered. The move is aimed at improving ease of compliance and facilitating ease of doing business for market intermediaries. In its statement, Sebi said it has streamlined the eligibility criteria to exempt smaller brokers with limited business scale and lower dependence on technology. The framework will now apply only to brokers with more than 10,000 registered clients, a change that will take around 60 per cent of brokers out of the regime and significantly reduce their compliance burden. Further, glitches that originate outside a broker's trading architecture, do not directly affect trading functionality or have negligible impact

As the global artificial intelligence (AI)-led trade moderates due to rich valuations, India will re-emerge as one of the most attractive growth markets in a slowing global environment, Karwa said

After two years of record highs, brokerages see the slowdown as a reset for sustainable growth - driven by rising incomes, digital depth, and maturing investors

Shares of these, along with wealth and MF distribution stocks, slump up to 8%

Brokers must differentiate through advisory, technology, and customer experience rather than relying solely on pricing, MD and CEO of Axis Securities said

Sebi has issued a consultation paper to narrow the definition of technical glitches, ease compliance for small brokers, and strengthen oversight for larger players

In May this year, NAR India had directed its members to cease all listings, advertisements, and business transactions with MagicBricks and avoid all engagement with the platform

Dealing with such entities is highly risky, as they can block trading and abscond with deposits

Clean Science shares fell as much as 9.3 per cent but pared their losses to close 2.7 per cent lower in Mumbai

According to the Securities and Exchange Board of India's (Sebi's) annual report, the share of clients contributed by the top 10 brokers on NSE fell to 48.3% in 2024-25 (FY25), from 63.7%

Anmi urges Sebi to expand the F&O universe, ease stock lending, and revive currency derivatives to enhance market liquidity and provide better hedging tools