Page 2 - Brokers
Sebi seeks to hike net worth requirement for brokers as defaults spike
Industry players said the latest proposals will put further pressure on the brokers, who have been grappling with several regulatory changes
 "Sebi seeks to hike net worth requirement for brokers as defaults spike")
Markets regulator Sebi cancels registration certificates of two brokers
The brokers were members of NSEL and had facilitated trading in paired contracts on the NSEL platform.
 "Markets regulator Sebi cancels registration certificates of two brokers")
Top five digital brokers corner over half of industry's active client base
Despite breakneck growth, not all brokers are consistently churning out a profit
 "Top five digital brokers corner over half of industry's active client base")
This derivatives trader chose financial education over brokerage business
The man who hates seeing people losing money started Kredent InfoEdge, whose two platforms offer video courses on investing and a base for learners to dive into stock fundamentals and technicals
 "This derivatives trader chose financial education over brokerage business")
Sebi gives more time to brokers, clearing members to comply with rules
The watchdog has also given time till December 31 to brokers for operating the trading terminals from designated alternate locations
 "Sebi gives more time to brokers, clearing members to comply with rules")
NSE clarifies on Nifty Futures 'freak trade', seeks explanation from broker
'Since order was within the operating range, the order matched with existing sell orders in the order book and two trades got executed at a price within the trade execution range,' says stock exchange
 "NSE clarifies on Nifty Futures 'freak trade', seeks explanation from broker")
New margin norms weigh on volumes, brokers estimate 10-15% impact
Industry players say biggest impact could be on derivative futures volume followed by cash market volumes
 "New margin norms weigh on volumes, brokers estimate 10-15% impact")
Anmi urges Sebi to reconsider the proposal on 100% levy on peak margin
Sharing its data with the regulator, Anmi pointed out that the rate of overnight margins, levied on intraday trades are almost 3.33x more than what is warranted based on the risks of the trade
 "Anmi urges Sebi to reconsider the proposal on 100% levy on peak margin")
Sebi mulling new framework to prevent misuse of client collateral
The rules are aimed at identifying each client's collateral and ensuring it is utilised towards the margins of that client only
 "Sebi mulling new framework to prevent misuse of client collateral")
NSE outage: More serious questions
The outage caused a serious embarrassment, not only for the NSE but also for the Securities and Exchange Board of India (Sebi) and the government of India
Brokers, wealth managers hate us and we are okay with that: Nikhil Kamath
Last year, he and his brother Nithin jettisoned into a club of the country's 100 wealthiest with their net worth pegged at around Rs 24,000 crore
 "Brokers, wealth managers hate us and we are okay with that: Nikhil Kamath")
Sebi cancels Kolar Sharex, Rajkumar C. Basantani as stock brokers
Markets regulator Sebi on Thursday cancelled the registration of Kolar Sharex Pvt Ltd as stock broker for violating market norms
 "Sebi cancels Kolar Sharex, Rajkumar C. Basantani as stock brokers")
Retail participation and higher volumes boost broking business in 2020
The number of active investors has gone up 30-40% for most top brokers after the Covid outbreak
 "Retail participation and higher volumes boost broking business in 2020")
Sebi extends limit for submission of reports, eases compliance for brokers
The decision comes after receiving representation from stock exchanges and depositories, the Securities and Exchange Board of India (Sebi) said in a circular
 "Sebi extends limit for submission of reports, eases compliance for brokers")
Have a claim against Karvy? Complain to stock exchange's grievance cell
To prove Karvy withdrew securities from your demat account, obtain a transaction statement
 "Have a claim against Karvy? Complain to stock exchange's grievance cell")
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
 "Discount model the new mantra for broking firms to gain market share")
Revenues and profit surge for broking houses in September quarter
During the September quarter, the Sensex and the Nifty indices rallied nearly 10 per cent, while the broader markets rallied even more
 "Revenues and profit surge for broking houses in September quarter")
Broker defaults near 20-year high amid slowing economy hit by Covid-19
The total number of such defaults between September 2019 and September 2020 is almost higher than the sum of the previous 10 years' defaults on the BSE
 "Broker defaults near 20-year high amid slowing economy hit by Covid-19")
When it comes to choosing a broker, give equal weight to fee and safety
While low fee is tempting, make sure you can trust the broker with your money, securities
 "When it comes to choosing a broker, give equal weight to fee and safety")
Decoded: Why Sebi's new margin pledge norms have rattled brokerages
Business Standard tries to explain why Sebi introduced this new system and why it is worrying the broking community
