India’s financial landscape will witness a significant shift towards technological enhancement, with 83.6 per cent of stockbrokers planning to increase their IT budgets, according to the data shared by Association of National Exchanges Members of India (ANMI).
Of these, 41.8 per cent agents are targeting around 20 per cent rise in their current tech investments in the upcoming fiscal year. This move highlights that stockbrokers are more focussed on deploying cutting-edge technologies like artificial intelligence (AI), algorithmic trading, and blockchain to enhance efficiency, and customer experience.
"As stockbrokers increasingly prioritise investments in AI, blockchain, and algorithmic trading, SEBI remains committed to fostering an environment of innovation, transparency and investor protection," said. V Sundaresan, Executive Director, SEBI.
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He stated that the industry can achieve sustainable growth and safeguard the interests of market participants by embracing emerging technologies alongside robust risk management frameworks.
As per the data, around 34.3 per cent stockbrokers will prioritise AI and ML (machine learning) to drive predictive analytics and personalised trading strategies, while 32.9 per cent will focus on algorithmic trading for automation and 7.1 per cent embrace blockchain for secure operations.
The survey revealed that more than 60 per cent of stockbrokers have digitised around 50 per cent of their business processes which reflects a strong push toward operational modernisation.
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The association, which has over 900 exchange brokers and members, stated that 84.9 per cent of brokers emphasise the importance of robust cybersecurity frameworks and risk management strategies.
It added that around 90.9 per cent highlighted the value of user-friendly platforms to encourage greater retail investor participation, reflecting a focus on inclusivity and accessibility in trading services.
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