Bourses identify 15 brokers as QSBs, monitoring to begin July 1

Mumbai: Indian stock and commodity exchanges have identified and categorised 15 stockbrokers as Qualified Stock Brokers (QSBs).

According to a joint statement by the exchanges, the monitoring of such QSBs by the BSE, NSE, MSE, MCX, and NCDEX will begin from July 1.

Anand Rathi Share and Stock Brokers, 5Paisa Capital, Angel One, HDFC Securities, and ICICI Securities are part of the list, which is not indicative of rankings or size.


The others are Zerodha, Nuvama Wealth, Motilal Oswal Financial Services, IIFL Securities, Jainam Broking, Global Capital Market, Kotak Securities, Sharekhan, RKSV Securities, and Nextbillion Technology.

"These QSBs shall be required to meet enhanced obligations and discharge additional responsibilities," as per the statement. "Certain stockbrokers, due to various factors like their size, trading volumes and amount of clients' funds handled by them, occupy a significant position in the Indian securities market leading to concentration of activity among a few stockbrokers," it said.