Technology was the saviour of businesses across sectors during Pandemic, an all India study conducted by Association of National Exchanges Members of India (ANMI) has revealed.<\/p>\n
This first-of-its-kind StockTech report was released recently. The survey was conducted for 900 ANMI members who are part of the stock broking\/ capital market community, says a release here.<\/p>\n
The survey\u00a0has insightful information on technological trends in the stock broking industry and to what extent market players upped their technology during the pandemic,\u00a0Mahesh Desai, Chairman, WIRC, ANMI, said.<\/p>\n
Key findings :<\/b><\/p>\n
The survey found that 85.36% of stock brokers today are actively investing in technology.<\/p>\n
An overwhelming 92.6% of stock brokers have increased the expenditure on technology during the pandemic, it further revealed.<\/p>\n
As many as 41% of stock brokers have increased their technological expenses by more than 20% in the past two years, the study revealed.<\/p>\n
Moreover, 39% of stock brokers bumped up the budget to meet technological requirements on a year-on-year basis while 61% of the stock brokers increased it \u2018as and when required,\u2019 the survey noted.<\/p>\n
As much as 65.8% of the boardroom meetings held during the pandemic discussed technology as the main driving issue.<\/p>\n
Furthermore about 80.4% of respondents said they have not faced any major glitches related to technologies used in the past 2 years.<\/p>\n
As per the analysis, back office software is found to be invested in the most (78%) by stock brokers, followed by the front office at (73.17%) and Algos (68.29%)<\/p>\n
The\u00a0\u00a0StockTech Survey report\u00a0was unveiled by\u00a0G P Garg, ED, SEBI,\u00a0Ashish Kumar Chauhan, MD & CEO, BSE\u00a0and Kamlesh Shroff, Convenor, StockTech 2021 & Director, National Council, ANMI,\u00a0<\/b>Mahesh Desai, Chairman, WIRC, ANMI, Mangal Prabhat Lodha, MLA, State of Maharashtra, Padmaja Chunduru, MD & CEO,NSDL, Nehal Vora, MD & CEO, CSDL,\u00a0K K Maheshwari, President, ANMI and Kamlesh Shah, Alternate President, ANMI.<\/p>\n","protected":false},"excerpt":{"rendered":"
Technology was the saviour of businesses across sectors during Pandemic, an all India study conducted by Association of National Exchanges Members of India (ANMI) has revealed. This first-of-its-kind StockTech report was released recently. The survey was conducted for 900 ANMI members who are part of the stock broking\/ capital market community, says a release here. […]<\/p>\n","protected":false},"author":3,"featured_media":6837,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1,8,6,5],"tags":[4327,3324,4282,4328,3347],"class_list":["post-6836","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-and-politics","category-india-inc","category-opinion-makers","category-markets","tag-brokers","tag-economy","tag-market","tag-survey","tag-technology"],"aioseo_notices":[],"yoast_head":"\n