Does BSE/NSE has its own trading terminals unlike brokers ?

#1
I am waiting for the day where BSE/ NSE itself will host a broking house.... :clap: I think all the grievances of investors will come to an end. Let it be a direct dealing of investors and exchanges.... :clapping: It will create a very big threat to broking business and they will for sure come to understand permanently that there is a competition to them and it is very strong BSE/NSE :rofl:

RBI Policy wrt broking houses please read this....

Any suggestions..... please be open...
 
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alroyraj

Well-Known Member
#2
I am waiting for the day where BSE/ NSE itself will host a broking house.... :clap: I think all the grievances of investors will come to an end. Let it be a direct dealing of investors and exchanges.... :clapping: It will create a very big threat to broking business and they will for sure come to understand permanently that there is a competition to them and it is very strong BSE/NSE :rofl:

RBI Policy wrt broking houses please read this....

Any suggestions..... please be open...
I think they already do. NSE offers a terminal called NOW. It is offered by Bangalore Stock Exchange affiliated brokers. However the brokerage they charged is absolutely atrocious. 0.6%-0.7% delivery and 0.06% Intraday. It is a non core business of NSE or BSE why do you think they will be able to do it well?!
 
#3
Hi Bro,

Because there are several reasons, the most prime reasons I thought is that it is a national stock exchange and all other brokers are earning in addition to their basic charges. Even Brokers are paying NSE for every trade. so their charges should be the lowest which I felt in my honest opinion. So NSE should concentrate fair practices as it is a National stock exchange to protect the consumers on a very large scale. There are several other reasons also like company policies etc. every broker has its own policy and they manipulate a lot in the name of company policy, the NSE will have a national policy and can make a big difference to these brokers in properly advertised. Affiliation is a altogether different thing than direct brokerage house of NSE. If you say affiliation then I feel that all the brokers are affiliated to NSE without which they cannot transact itself at the first place, whats your take on this ?

Please come up with more opinions. :thumb:
 

alroyraj

Well-Known Member
#4
True brokers are paying NSE for every trade,but the argument is about a trading terminal. A trading terminal gives traders yet another choice. Uptil now Odin is the dominant trading terminal. Others being TradeAnywhere, NestTrader,Omni Terminal etc. Now offered by NSE allows the broker to offer the terminal to those not satisfied ny the existing setup. I mean no competition means the market wills stagnate. Also Odin has some recurring charges incurred by the broker houses hence a neutral terminal seems win-win.
 

sub2501

Active Member
#6
As far i know, Sethi Finmart & Ashika stock broking offers NSE NOW browser based trading platform.
 
#7
alpari.co.in also offers NSE now platform MCX sx ODIN and USE (coming soon) check the link

http://www.alpari.co.in/en/currency_derivatives/online_services.html

my point is that there should be strict regulations offered by NSE to the brokers and standardize on the charges. The broker should not have any freedom to earn in addition to the norms laid down by NSE and let the competition flow in. Anyways as you all know that there is a dealing desk on the brokers backend and he earns on that basis like a slight price difference at the runtime. So the brokers earning should be limited only to that extent. As far as charges which are levied to the demat holders should be standardised all over in a strict sense, what do you say ?
 
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alroyraj

Well-Known Member
#8
All brokers affiliated with Bangalore Stock exchange offer NSE NOW but brokerage is ridiculous 0.07% intraday. It makes IB and SK look like Angels...of course ANgel looks better then...hahahaha
 

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