Stock Broker Exams
Stock Market exams are different for a person with different job profile i.e. for central depository, securities, derivatives, currency futures, etc. There are several certifications organized by Bombay Stock Exchange (BSE). These are listed as follows:
BSE Certification on Central Depository( BCCD)
BSE Certification on Securities Markets (BCSM)
BSE Certification on Derivatives Exchange (BCDE)
BSE Certification on Currency Futures (BCCF)
Also there are various training programs listed by BSE which is known as BSE Training Institute (BTI). More than 30 courses ranging from few days to weeks courses are organized by BSE. Minimum requirement is 12th pass with confirmation on speaking, reading and writing English. But for some courses like CPCM (Certificate Programme on Capital Markets) a graduate of any field is expected. CPCM is joint effort of BSE, Jamnalal Bajaj Institute of Management Studies (JBIMS) and Mumbai University.
http://www.bseindia.com/training/about.asp
Another test is conducted by National Stock Exchange which is most popular and peoples butter and bread to be certified in Stock Trading. This was launched in 1998 known as ‘NSE's Certification in Financial Markets (NCFM)’. NCFM has different modules which can be found on following link
http://www.nseindia.com/content/ncfm/ncfm_about.htm
The well known Series 7 exam is launched by Financial Industry Regulatory Authority (FINRA) previously known as National Association of Securities Dealers. The exam has 260 questions and passing percentage is 70%. The questions are normally multiple choices which mean a person just need to tick mark the right one. FINRA also administers General Securities Representative exam which helps a person to become stock broker.
Also FINRA launched Series 65 exam which qualifies a professional as Investment Advisor Representative in several states. The exams main aim is to help a professional to become an investment advisor i.e. when exactly providing advice. Retirement planning, investing, foreign investments, portfolio management strategies are some of the areas that are highlighted.
Stock Broking Business
Stock Broking when found was made to act as service provider for the client who wants to invest in the Stock market. A single person can’t invest much many capable to run a business in market and that is the reason why brokers came. Broker’s main function is to have enough number of investor so that hansom money can be invested in the market. In present days the Stock Broking has become a business, the broker takes a share of transaction as his fees for each and every transaction. This is approximately 0.05 of each 1 point transaction. This amount is basically known as brokerage.
There are various stock broking firms available which carries out business in various ways. Some of them are at international level while others now-a-days are from Banking sectors. Some of them are as follows:
Emkay Share and Stock Brokers: Emkay is one of the well known stock brokers in Mumbai India. It gives various facilities like investing, transacting, planning and maintaining the portfolios. They also help in trading commodities via ‘Emkay Commotrade Limited’ because they are the members of both MCX and NCDEX.
Angel Broking Ltd.: 20 years old Broking firm which also helps in wealth management. It is member of BSE, NSE and also deals in commodity market i.e. is member of MCX and NCDEX.
http://www.angelbroking.com/about_group.asp
Sharekhan Ltd.: It is also one of the well known brokers in financial market i.e. what a person gets from sharekhan is a wide information depth. Even this is member of BSE, NSE, MCX and NCDEX.
Indiabulls: One of the highest rankers in financial sectors for broking which shows interest in Real Estate, Broking, Commodities, Multiplex, etc.
http://www.indiabulls.com/default.htm
Motilal Oswal Securities Ltd.: It was found by two brokers in 1987. The firm deals in wealth management, commodity trading, private and institutional equities, portfolio management system, etc.
Stock Broking Firms In Delhi
There are a large number of big and small Stock broking firms in Delhi. These firms offer various services to their clients such as retail stock broking, equity broking, derivative broking services, as well as commodity futures trading services, wealth and portfolio management and online trading services etc.
A few of these firms are:
- Composite Securities Limited: Composite Securities is a stock broking firm in Delhi which was established in the year 1995. The main aim of this organization is to provide enhanced services to all its customers. Other than Delhi Composite Securities has its branches in a various other parts of the country such as Dehradun, Jaipur, Meerut, Bijnore, Rishikesh, Hoshiarpur etc. The various services offered by them include Derivative Trading, Equity Trading, Demat Services as well as Commodity Trading.
- Unicon Investment Solutions: Unicon Investment Solutions is considered to be one of the very renowned Stock Broking firms in India. The various services offered by Unicon Investment Solutions to its customers include online stock broking, commodity trading, online stock as well as equity trading, general and life insurance, mutual funds and many other services. They have more than 100 outlets and branches spread out all across the country.
- AnandRathi (AR): AnandRathi is one of the leading firms which offer a wide variety of financial services. Mr. Anand Rathi established this firm about 15 years back in the year 1994. Today, it has gained immense popularity and recognition not only in India but also in Dubai as well as Bangkok. AnandRathi offers a large number of financial, investment as well as advisory services to its clients.
Stock Broking Firms In Mumbai
There are a large number of big and small Stock broking firms in Mumbai. A few of them are:
Networth Stock Broking Limited: Networth Stock Broking which also has its office in Mumbai offers various services to its customers which include retail stock broking, equity broking, derivative broking services, as well as commodity futures trading services, wealth and portfolio management and online trading services. Networth Stock Broking was formed and established in the year 1993
Motilal Oswal Securities: Motilal Oswal is considered to be one of the biggest stock broking firms in the entire country. It is mainly based in Mumbai and was formed years back in the year 1987 with just two people running the firm. It’s grown by leaps and bounds only because of its transparency and the work ethics that it follows. It has the top most position as far as retail and institutional broking is concerned.
H. K. Securities: this firm is a private firm which is mainly a sub broking firm. They offer a wide variety of their value added services in various sectors such as online trading, equity broking, derivative broking services, Research, Demat as well as Stock ideas and strategies, Investment Advisory services etc. They also give you also necessary information about the different avenues such as Commodities, equities and derivatives. Their head office is situated in the city of Mumbai.
SSKI Securities: IDFC-SSKI is one of the most renowned organizations which offers Equity, Stock Broking and Investment banking services to its customers. It mainly caters to the foreign as well as domestic financial institutions which are interested in investing their money in the Indian equities.
Top Stock Broking Companies
Given below are a few reputed and the top most stock Broking firms in India:
Motilal Oswal: Motilal Oswal is one of the best three stock broking firms in India. It has the top most position as far as retail and institutional broking is concerned. It was formed in the year 1987 with just two people running the firm. It’s grown by leaps and bounds only because of its transparency and the work ethics that it follows.
India Bulls: Indiabulls is considered to be one of the biggest retail financial services company. The company has its offices in more than 60 cities in the country and has more than 400 Client relationship managers.
Sharekhan: Sharekhan was established about 80 years back. This brokerage firm is one of the leading stoke broking firm in India and is a part of the SSKI group. It’s got its branches and offices all across the country and they offer various services such as Online trading, Commodities trading, Equity and Derivative trading, Portfolio management service etc.
Geojit Financial Services Limited: Geojit Financial Services Limited is a member of both the NSE and the BSE. Geojit has more than 300branches which are located all across India as well as abroad. Various services offered by Geojit include equity trading services, online trading services, providing stock alerts and real time charts etc.
Angel Broking: Angel Broking is the part of the Angel Group. It is considered to be one of the top five retail stock broking firms in India. Angel Broking is a member of the NSE and the BSE as well as NCDEX and MCX
Many other top stock Broking firms in India are India infoline, Bonanza, Religare, SMC Global Securities, ICICI Sec, Karvy Stock Broking, Peerless Securities, Anagram Securities
Stock Broking Firms
The list of a various stock broking firms in India has been given below:
• Vaishnavi Investments
• Unicon
• Anand Rathi Securities P. Limited
• Heritage Insurance Brokers Pvt Ltd.
• Sharekhan Limited
• Start Enterprise
• Easyfinance.in
• Eastern Tea Brokers (Pvt) Ltd
• Aridhi Hi Tech Industries Limited
• India Cements Capital Ltd.
• Refco India Private Limited –
• Stockmarkit.com
• Sugal & Damani Share And Stock Brokers Pvt. Ltd.
• Alka Securities Ltd.
• Appuonline Consultancy Services Pvt. Ltd.
• Apollo Sindhoori Capital Investments Ltd
• Jaypee Capital Services Ltd
• Action Financial Services (India) Ltd.
• 5Paisa.com
• Advani Share Brokers
• Brescon Group
• Angel Trade - Part of Angel Group
• Arcade Share & Stock Brokers
• CIL Securities
• CRN India
• Churiwala Securities
• DSP Merrill Lynch
• Dalmia Securities
• Dalal & Broacha Stock Broking Pvt Ltd
• Emkay
• Ethical Investment Solutions Pvt. Ltd
• Gandhi Securities
• Gogia Capital Services
• Geojit Financial Services Limited
• ICICI Direct
• IL&LS Investsmart
• India Bulls
• Indianstockmarket.net
• Indira Securities
• Hasmukh Lalbhai
• Idafa Investments
• India Market Access
• Investsmart India
• Kisan Ratilal Choksey Shares
• Kotak Securities
• Manubhai Mangaldas Securities
• Moneypore
• Navia Markets
• Parag Parikh
• Parsoli Corporation
• Pratibhuti Viniyog
• Orient Capital Market
• Prudential
• Quantum Securities
• Sivan Securities
• Skindia Finance
• Stock Holding Corporation of India
• StockMarkit.com
• Sunidhi Consultancy
• RBK Share Brokers
• Religare Securities Ltd
• Sivan Securities
• Toss Financial Services Pvt Ltd
• UTI Securities
Career In Stock Broking
In order to have a career in stock broking the major requirements are that the candidate aspiring to be a stock broker should have completed his graduation and should have gone through training in any broking firm for atleast 6 months. The training is mainly to make the candidate aware about various subjects such as capital markets, accountancy, port folio analysis, working of the stock market etc.
The decision of making a career in stock broking is a great option for people who are fascinated by the ups and the downs of the stock market and are interested in learning its working. Various initiatives which have been taken by the SEBI in order to bring transparency and discipline in the market has gained the confidence of a large number of Indian as well as foreign investors in the capital markets.
This has increased and enhanced the career prospects for stock brokers in many stock broking firms. Stock brokers can get a job and can work for various financial institutions such as Business Houses, Investment Banks etc. A stock broker can also start his very own consultancy and practice with private or individual clients. At times a stock broker can also work as a dealer, advisor or a security analyst. Stock brokers who are working as Security analysts are expected to have sound knowledge of the capital market.
A large number of stock brokers make a career in varied kind of organizations and firms such as insurance companies, banks, pension funds, mutual funds, consultancies etc.
Stock Broking Institutes
With the rise in the establishment of the number of the stock broking firms in India, the demand of the stock brokers has also increased drastically. This has resulted into the setting up of a large number of institutes which offer stock broking courses in India.
A few years back there were no courses which offered professional training in stock broking. But with globalization and growth in competition people have realized the important of stock brokers and the scenario has completely changed there after. The stock broking courses in India are meant to provide full knowledge of stocks and the functioning of the stock markets in India. These courses have been designed in such a way so as to make the candidate competent to enter the business of stock broking.
A few of the major colleges and institutes which offer Stock Broker Courses in our country are:
- Bombay Stock Exchange's BSE Training Institute, Mumbai
- Institute of Company Secretaries of India, New Delhi
- Institute of Financial and Investment Planning, B/303,Ventex Vikas, M.V.Road, Andheri(E) Mumbai 69
- The Orion Institute of Capital Market, S- 11, Adarshini Plaza, 91, Adchini, Aurobindo Marg, New Delhi
- The UTI Insitute of capital Market, Plot 82, Sector - 17, Vashi, Navi Mumbai - 400 705
- Institute of Chartered Financial Analysts of India (ICFAI), Road No.3, Banjara Hills, Hyderabad 34
- Institute of Capital Market Development, 1965 Arya Samaj Road, Karol Bagh, New Delhi - 05
- All India Centre for Capital market Studies, J.D.C Bytce Institute of Management Studies and Research, Nashik - 05
Stock Broking Courses
Globalization and liberalization have played a very important role in strengthening the role of the stock exchanges all across the world. Transactions worth millions of rupees take places every single day. The Indian Stock Exchanges have generated a large number of stock broking jobs and many other jobs with varied scopes for the youth in India.
The increase in the number of stock broking firms has resulted into more and more demand of well trained stock brokers. In order to work as a stock broker there are a large number of stock broker courses which are offered by several institutions in India. In order to be eligible to be a stock broker, it is a must to be a graduate and have some training or work experience in a stock broking firm.
A few of the large number of stock broking courses which are available in India are:
- Certificate Course on Chartered Financial Analyst Equity Research
- One-year Post-Graduate Diploma in fundamentals of capital market development.
- Post-graduate membership course in capital market and financial services
- MBA in Finance as specialization
After the successful completion of the course, the candidate needs to register with the SEBI or the Securities and Exchange Board of India in order to become the stock broker and join a stock broking firm in India.
A person who has completed a stock broking course successfully in India can get a job in any Stock Broking Firms, Business Houses, Investment Banks or he or she can also work as a dealer or an analyst. Infact a lot of opportunities are available abroad as well. The remunerations offered and the monetary gains are high out there.