Zerodha 5paisa Capital Angel One Anand Rathi Among Qualified Stock Brokers By Bourses

Indian Share Markets and Commodity Exchanges have now decided to put 15 stock brokers in the strictly monitored category. These include many big names like Zerodha, Angel One, 5Paisa and Anand Rathi. Stock and commodity exchanges are soon going to start monitoring these brokers who have been put in the category of Qualified Stock Brokers.

Compliance for brokers will increase

The exchanges said in a joint statement that it has now been decided to put 15 stock brokers operating in the Indian market under the category of qualified stock brokers. Such brokers are included in this category, whose business becomes fairly large and who have assets under management capable of influencing the market. After being put in this category, the concerned brokers have to follow stricter rules and regulations than before. To put it plainly, after this change, regulation is going to increase for the concerned 15 stock brokers.

These brokers were put in QSB

Exchanges like BSE, NSE, MSE, MCX and NCDX said in a joint statement that the monitoring of 15 brokers identified as qualified stock brokers will start from July 01. Brokers who have been put under the category of QSB include Zerodha, Nuvama Wealth, Motilal Oswal Financial Services, IIFL Securities, Jainam Broking, Global Global Capital Market, Kotak Securities, Sharekhan, RKSV Securities, Nextbillion Technology, 5Paisa Capital, Angel One, HDFC Securities (HDFC Securities), and ICICI Securities (ICICI Securities) etc. are included.

Exchanges issued this statement

The statement said that these qualified stock brokers will be required to fulfill the enhanced responsibilities and take up additional responsibilities. Depending on factors such as size, volume of trade and funds handled by clients, certain brokers become dominant in the market. Such brokers accumulate a significant share of the market movements. That is why they have to be put in the category of qualified stock brokers.