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Trading volumes down 30% across stock brokers; Zerodha’s clocked negative growth: Nithin Kamath

Economic Times

Economic Times · 6m ago

Trading volumes down 30% across stock brokers; Zerodha’s clocked negative growth: Nithin Kamath

Trading volumes have decreased by 30% across stock brokers, marking the first time Zerodha has experienced such degrowth since its inception 15 years ago, according to CEO Nithin Kamath. He noted that the industry is facing challenges due to market slowdown and the 'True to Label' circular issued by Sebi, impacting brokers' revenues. Kamath warned that persistent declines in trading could significantly reduce the government's revenue from the securities transaction tax (STT).

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Retail trading may be impacted if giants like Jane Street step back, warns Zerodha CEO

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YourStory · 1m ago

Retail trading may be impacted if giants like Jane Street step back, warns Zerodha CEO

Zerodha CEO Nithin Kamath warns that retail trading could be affected if proprietary trading firms like Jane Street scale back activity, as they constitute nearly 50% of options trading volumes. The Securities and Exchange Board of India (SEBI) barred Jane Street for manipulating indices, impacting exchanges and brokers. The firm's potential pullback may significantly reduce market activity, demonstrating reliance on such firms for maintaining trading volume. Kamath praised SEBI's regulatory actions against alleged "blatant market manipulation."

Death of currency derivative trading by retail traders: Kamath on RBI order

Inshorts · 1y ago

Death of currency derivative trading by retail traders: Kamath on RBI order

Zerodha CEO Nithin Kamath has commented on RBI's directive requiring traders to have exposure to the underlying currency to trade in currency derivatives on the stock exchange. "This means the death of currency derivative trading on stock exchanges by retail traders," Kamath said. "Regulatory risk is by far the biggest risk for stock brokers," he added.

'If this continues...': Zerodha's Nithin Kamath sounds alarm amid deepening market crisis

Business Today

Business Today · 6m ago

'If this continues...': Zerodha's Nithin Kamath sounds alarm amid deepening market crisis

Zerodha's Nithin Kamath warns of a market crisis due to a significant decline in the number of traders and trading volumes. Daily trading volumes have dropped from ₹80,000 crore to ₹40,000 crore, a staggering 50% decrease. Investor participation has fallen by 30%, and overall market turnover has declined by 46%. Market value reduced by ₹40 lakh crore, a 15% shrinkage, while overseas investments dropped from $12.3 billion to $12.2 billion.

'Regulatory risk...the biggest risk': Nithin Kamath on RBI's currency derivative

Livemint

Livemint · 1y ago

'Regulatory risk...the biggest risk': Nithin Kamath on RBI's currency derivative

The Reserve Bank of India's new restrictions on unhedged currency derivatives is expected to lead to the downfall of currency derivative trading for retail traders. Nithin Kamath, the co-founder of Zerodha, stated that regulatory risk is the biggest threat faced by stock brokers. As per the RBI circular from 5 January, traders must showcase contracted or potential currency exposure to participate in currency derivatives on stock exchanges. Traders with an exposure above $100 million need to appoint a custodian participant or an authorized dealer, while those with smaller exposure require a declaration stating they are trading currencies to hedge contracted exposure.

It will hurt business: Kamath as NSE stops referral incentive

Inshorts · 1y ago

It will hurt business: Kamath as NSE stops referral incentive

Nithin Kamath said NSE's recent directive stopping brokers from sharing any brokerage as a referral incentive "will hurt the business". The circular directed that any person referring a client to a trading member should be registered as an authorised person with the exchanges. The trading member will also have to ensure that their authorised persons engage only in permitted activities.

Zerodha sees end of zero brokerage model after new fee rules

Economic Times

Economic Times · 1y ago

Zerodha sees end of zero brokerage model after new fee rules

Zerodha, India's largest discount broker, may have to abandon its zero-brokerage model and increase derivative trading fees following a mandate by the market regulator, SEBI. The new fee structure, which comes into effect in October, aims to curb excessive trading in segments like derivatives. Nithin Kamath, CEO of Zerodha, said the changes will have a significant impact on the industry and that other brokers will also need to adjust their pricing. The move has caused a drop in stock prices for listed brokerages such as Angel One, SMC Global Securities, and Motilal Oswal.

SEBI Bans Exchanges From Sharing Data With Fantasy Stock Market Apps

Inc42 · 1y ago

SEBI Bans Exchanges From Sharing Data With Fantasy Stock Market Apps

The market regulator has banned stock exchanges from providing real-time share price data to fantasy trading platforms that gamify stock trading. Intermediaries must follow guidelines if they wish to share data with third parties. This move could potentially bring an end to the fantasy stock trading industry, according to Nithin Kamath, the CEO of Zerodha.

What Happens to Brokers When AI Takes Over Investing? Zerodha’s CEO Explains

StartupTalky

StartupTalky · 1m ago

What Happens to Brokers When AI Takes Over Investing? Zerodha’s CEO Explains

Nithin Kamath, CEO of Zerodha, discusses AI's transformative impact on investing, predicting AI will soon dominate trading, banking, and payments through user-driven apps. While AI will automate most tasks, human advisors will help maintain discipline. Despite the uncertain future, Kamath believes trust and strong infrastructure will be key competitive advantages. He warns against letting AI handle orders automatically and emphasizes safety, reliability, and trust as crucial. Big players are focusing on AI-secure systems and zero-trust cybersecurity to ensure stability in digital finance.

Zerodha’s Nithin Kamath Warns Against Stopping SIPs Amid Market Fall

OutlookIndia

OutlookIndia · 5m ago

Zerodha’s Nithin Kamath Warns Against Stopping SIPs Amid Market Fall

Zerodha co-founder Nithin Kamath cautions investors against halting SIPs amid market downturns, emphasizing market cyclicity and the inevitability of corrections following the post-pandemic surge. He urges investors to persevere, highlighting the benefits of consistent investing for averaging across market cycles. Kamath advises against panic-induced sales and warns about leveraging investments, noting that disciplined, diversified, and regular investments enhance long-term success chances. He stresses on not being swayed by short-term market fluctuations.

Zerodha's Nithin Kamath sounds alarm: Phony trading apps mimic brokers in India

Livemint

Livemint · 1y ago

Zerodha's Nithin Kamath sounds alarm: Phony trading apps mimic brokers in India

Zerodha CEO, Nithin Kamath, has raised concerns about phishing websites and fake trading apps targeting Indian investors. Fraudsters are creating websites and apps that resemble those of Indian brokers, tricking users into downloading them and transferring money. This comes after the Chinese loan app scandal and amidst a rising number of fraud cases in India. The government is planning to crack down on such apps on Google Play Store and Apple app store. The Reserve Bank of India reported around 13,000 bank fraud cases in fiscal year 2023.

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