Comment on Direct Market Access (DMA) for retail investors?

KAMLESH commented on 05 Aug 2020, 09:10 PM

its good that discount brokers are capturing market and providing online platform for the traders, they develop traders only and not providing long term investment advisory as to generate maximum ever regulator turning blind eye for the mistake or default like emkay global or karvy. please note that in case of default so called discount brokers, total system will broken as at discount brokers the concept of know your client is missing as, know your client is only documentation. The stock broking profession is like medical profession where stock broker knows client family back ground and if client may trade excess the stock broker shall ask him to trade in limit as per the family profile of the client. In new scenario sebi and exchanges are taking proud of highest volume and broker only knows how to generate maximum profit by allowing client to trade.clients may have to sell his entire wealth due to unlimited trades of client is not look out of brokers, exchanges or regulators.

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