To put it in simple words for you, I was talking of the scenario where the Exchange takes over the role of Brokerage House (with DMA), so if you assume that is equating the Broker & Exchange, then it speaks volumes about your understanding, nothing left to say.
Using block chain to cut off intermediaries is not something that is far off⌠its closer than we thinkâŚ
Most of the regulatory returns brokerages file is about how they have handled clients money and how much volume of business they did vis-a-vis the funds they had with exchanges⌠There will be no need for this retruns if traders/investors are allowed direct market access.
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I was referring to this buddy. If it doesnât mean that i take back! 
As I said above, you have elementary comprehension issues.
Kindly re-read the section of mine which you have quoted & it will be clear. Exchange taking over the services provided by the Broker at present does not mean they are being equated.
Equating 2 things come into picture when you compare 2 similar / equivalent things, but here the services provided by the 2 entities (Exchange & Broker) are completely different.
Youâre most welcome not to take back anything, for some people like âAll-in-Oneâ Monsters & prefer to keep all their eggs in 1 basket.
Even if it become direct market I still hope that we will have companies like zerodha to make platform like Kite.
They can charge of using their platform.
Platforms like NSE Now do not have greate user experience and interface.
I have 4-5 trading account and no one listen to their user. They canât even hire good developers and UI designers.
This is not just about trading platforms. Top banks like SBI, HDFC does not have good Interface for their net banking apps.
BTW, Do you hire developers or use third party service providers to create and maintain zerodha platforms.
Can you tell me which programming language is used to create kite ?
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Sorry buddy I misunderstood you! I thought you were equating both by saying that an exchange takes a retail client for a task that you really need to complain.
what are the advantage of having the DMA : Direct Market Access ? What is the eligibility criteria condition to have the DMA ?
@ShubhS9 @nithin @siva
SEBI is all set to allow algotrading for retailers
So will there be a provision made for retailers to have access to Direct Market Access and an opportunity to also have exchange co-located servers(of course its going to be expensive)? These were available to institutions since way back in the late 2000s
Even today it is possible for a retailer to get a company formed and gain access to DMA and colo server but does the new algo framework let a retailer do away with the need to go via the company route altogether?
While broker APIs like kite connect are good, true tick by tick data is 10s of GBs worth of data everyday like nithin once mentioned. It would be awesome if it was possible for retailers to have access to this data putting them on an equal footing with institutions
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Even today any retail user also can use colo if they are ready to spend money, guess around 30 to 40 lakhs it can cost for setup per year. If doing with brokers who offer CASS ( colo as a service) this 40 lakhs may reduce even more.
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I was hoping for SEBI to come out with a reduced cost structure for retailers with this new algo trading framework. Earlier DMA was available only to institutions(maybe am not totally correct because thereâs also something called Alpha membership and maybe that is also allowed for individuals but am not sure).
Atleast the hassle and paperwork/compliances with respect to setting up a company can be done away with if individuals are also permitted to it.
Also, does zerodha offer CASS?
Nope, generally retail big brokers wonât do this segment.
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