ANMI StockTech Survey: The stock broker community will apply the magic of technology

ANMI StockTech Survey 2024-25: A Glimpse into the Future of Stockbroking Technology

83.6% of Stockbrokers Plan IT Budget Increases, with AI, Algorithmic Trading, and Blockchain as Top Priorities

Posted by Nilesh Waghela

Mumbai: The Association of National Exchanges Members of India Western Region (ANMI WIRC), the largest pan-India body representing over 900 exchange brokers and members, unveiled its much-anticipated StockTech Survey 2024-25. Released at the flagship StockTech 2024-25 event held at NESCO, Mumbai, the survey offers critical insights into the technological trends shaping India’s stockbroking sector.

Key Findings from the Survey:

Increased IT Budgets:

• A significant 83.6% of stockbrokers plan to increase their IT budgets in 2024-25, with 41.8% projecting an increase of 20%.

Focus Areas in Technology Investments:

• 34.3% prioritize Artificial Intelligence (AI) and Machine Learning (ML) for predictive analytics and personalized trading strategies.

• 32.9% target algorithmic trading to drive precision and automation.

• 7.1% are investing in blockchain technology for secure and transparent operations.

Digital Transformation:

• Over 60% of stockbrokers have digitized more than half of their business processes, underscoring the sector’s commitment to modernization.

Emphasis on Safety and Simplicity:

• 84.8% of respondents identified safety as a critical focus area, highlighting the importance of robust cybersecurity measures.

• 90.9% emphasized simplicity, advocating for user-friendly platforms to engage retail investors effectively.

Leadership Perspectives

Shri V S Sundaresan, Executive Director of SEBI, remarked, “The StockTech Survey 2024-25 highlights the transformative role of emerging technologies in India’s capital markets. With strategic investments in AI, blockchain, and algorithmic trading, the industry is well-positioned to achieve sustainable growth while prioritizing transparency, innovation, and investor protection.”

Mr. Harin Mehta, Chairman of ANMI, noted, “The survey underscores the technological evolution within India’s stockbroking ecosystem. Growing investments in AI, automation, and security signal a promising future, where resilience and inclusivity drive growth. ANMI remains committed to equipping the industry with tools for sustainable advancement in the digital age.”

StockTech 2024-25 Event Highlights

Themed “Safety, Simplicity, and Scalability,” the event brought together leading fintech exhibitors, brokers, and thought leaders to discuss and showcase innovations tailored to meet the dynamic needs of India’s capital markets. The focus remained on building solutions that ensure operational excellence, security, and ease of use for all stakeholders.

The StockTech Survey 2024-25 is a testament to the stockbroking industry’s readiness to embrace cutting-edge technologies and address the challenges of a rapidly digitizing world.