Comment on The race to Zero – Can the Indian brokerage industry survive?
commented on
03 Oct 2019, 11:35 PM
Sir this is only one part of story. I would like to further extend this line and say that with AI touching every field., Brokers will extinguish. No NEED OF THEM.Exchanges have smartly used brokers & their setup to acquire all the information about investors. Then making the settlement period smaller and smaller, brokers role & their services are reducing. Now combination of banks & exchanges will facilitate stock trading. Cost will reduce. Any mischief by broker gone.Banks will grow bigger by entering full fledged financial services. Technology will be state of the art. That will be the last day of broker species.