Angel Broking

Search for innovations
The Angel Group is a front runner amongst retail broking houses in the country. With two corporate memberships on BSE and one on NSE, the group boasts of a net worth of Rs 1,600 mln today. Its position as a top retail broking house is underlined by the fact that it has a network of 102 terminals across the country and an average daily volume of Rs 1,500 mln. The Angel Group companies also serve as clearing members of BSE and NSE for the derivatives segment.

The group is constantly on the lookout for innovation and value addition. It has in the offing, plans to introduce a virtual broking system for its clientele.

Elaborating on the new Net-based delivery channel in the stock broking business, Dinesh Thakkar, CMD, says: “Internet-based trading is just another form of delivery, nothing more, nothing less. What will make a difference is the value addition that a broker brings in. Efficient support systems, smooth and glitch-free back-end operations and up-to-the-minute market reports and analysis are what will instill investor confidence. And, investor confidence is what Angel is all about.”

Thakkar feels that it is high time that rolling settlement is introduced in India. In the existing settlement mechanism, an investor is put to an unnecessary inconvenience of delayed payment whereas a speculator takes advantage of the same. If a rolling settlement were in place, it will ensure timely settlement for a real investor and the speculator also won’t suffer much on account of the underlying mechanism of daily badla or a continuous net settlement system.