Business Samachar

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% ...

  GUEST BLOGS By Mahesh Desai, Convenor and Executive Committee Member of ANMI WIRC Next-gen online brokers have complied with SEBI policies and made inroads in trading technology. The Indian investor is inundated with features such as zero brokerage, biometric logins, charts, reports, widgets, and trading at high speed – all without the help of a middleman. The Indian stock market is rapidly transforming with the adoption of new technologies. AI is set to enhance profitability and automate processes in the capital markets. Blockchain, cloud computing, RPA, advanced analytics, and smart contracts are also being used to revolutionize the stock market industry by improving transparency, reducing costs, increasing efficiency, and automating repetitive tasks. Seamless Operations Technology has transformed the stock market in several ways. Online trading apps have revolutionized the trading experience by providing a platform for investors to buy and sell stocks from anywhere, anytime. A...