REGARDING INDIA BULLS: I AGREE THAT THEIR PIB IS VERY GOOD. BUT ACCOUNTING SYSTEM IS SO POOR THAT I AM LOOKING FOR ALTERNATIVE AT THE COST OF SPEED AND ARBITRAGE ADVANTAGE OF PIB. INDIA BULL ALSO DOES NOT HAVE MINI. COMITTMENTS. THE MAJOR PROBLEM, HOWEVER, IS UNTIMELY CONTRACT NOTES. DIGITAL CONTRACT NOTES CAN NOT BE DOWN LOADED AS THE ENTIRE PAPER SIZE IS NOT SUFFICIENT EVEN AFTER SETTING TO LANDSCAPE AND RECONCILIATION TAKES MINIMUM ONE HOUR AS QTY TRADED OR DELIVERED ARE NOT SHOWN SEPARATELY; CORRESPONDING AMOUNT IS NOT SUMMED UP., BROKERAGE IS SHOWN SEPARATELY FOR EACH TRANSACTION IN 4 DIGIGSTS BUT NOT SUMMED UP, SOME OF THE OTHER CHARGES ARE ALSO SHOWN SEPARATELY IN 4 DIGITS BUT NOT ADDED UP. ALL THESE ADDITIONS AND SUBTRACTIONS ARE TO BE DONE MANUALLY WHICH CONSUMES LOT OF TIME. TO ADD TO THE CONFUSION, ONE HAS TO WAIT FOR IRREGULAR COURIERS WHO DELIVER CONTRACT NOTES CLUBBING FOR 4 OR 5 DAYS TOGETHER INSTEAD OF DAY-TO-DAY BASIS. ON 4TH DEC. 06, I RECD CONTRACT NOTES FOR THE TRANSACTIONS DONE ON 20TH NOV 06. WHEN I COMPLAINED TO IB, THEY SURPRISED ME WITH A REPLY STATING THERE WAS NO TRANSACTION FOR THAT DAY! WHILE I RECEIVED CONTRACT NOTE BY THEN. I DO NOT KNOW HOW OTHERS ARE RECONCILING THEIR ACCOUNTS BUT I FIND IT IRRITATING AND JUST FOR THIS REASON I APPROACHED SHAREKHAN TO REDUCE BROKERAGE SO THAT I COULD TRADE WITH THEM EVENTHOUGH THEY DO NOT HAVE BSE FACILITY. THEY ARE NOT AGREEABLE FOR REDUCING THE BROKERAGE. THERE IS ANOTHER ADVANTAGE WITH PIB, IT SELDOM FAILS, WHERE AS WITH SSKI's SPEED TRADE OR CLASSIC SITE FAILURES ARE VERY FREQUENT. DUE TO LOWER BROKERAGE AND NO OTHER CONDITIONS LIKE MINIMUM BROKERAGE OR VOLUME, I FIND INDIA BULL IS BETTER OPTION PROVIDED THEY LOOK INTO PROBLEMS FACED IN ACCOUNTING AND CONTRACT NOTES. I HV MADE SEVERAL REPRESENTATIONS TO THEM TO IMPROVE ACCOUNTING/CONTRACT NOTE SYSTEM BUT IN VAIN. IT IS WHY I LOOK FOR ALTERNATIVE AND PRESENTLY IN TOUCH WITH RELIANCE MONEY.
