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Consolidation among brokers set to gain ground with new compliance norms

The top 10 brokers by active clients from a group of 256 brokers account for nearly 71 per cent of the client base, NSE data shows

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New peak margin norms for traders in the derivative segments will be introduced from December 1

3 min read Last Updated : Nov 25 2020 | 1:30 AM IST

Consolidation among brokers is set to accelerate as new compliance requirements kick in and select players bulk up on market share.

New peak margin norms for traders in the derivative segments will be introduced from December 1. This is in addition to the upfront margin collection norms that were introduced for the cash market last month.

The increase in consolidation can be seen also in the increasing share of top brokers. The top 10 brokers by active clients account for nearly 71 per cent of the client base out of a total of 256 brokers, data collated from NSE shows. The top

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