 "About a quarter of dabba traders shift to organised trading platforms")
Fearing demonetisation-like action from the government and faced with intermittent raids by the market regulator, several dabba traders have shifted to organised trading platforms across the commodity, equity and currency sectors. Major beneficiaries of this shift are discount brokers, whose transaction costs are much lower than those of full-service brokers.
As a result of this, the three leading discount brokers, Zeroda, Samco Securities and 5paisa.com, with a cumulative market share of around 90 per cent, have seen a sharp 15-20 per cent growth in their membership base and 20-25 per cent growth in business volumes over the past three months.
