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‘India’s Leading Equity Broking Houses 2009’ is Dun and Bradstreet India’s (D&B India) tribute to the Indian broking community primarily operating into equity and derivative segments. D&B India compiled the initial database of broking firms from various sources, such as the internal D&B database and membership lists of India’s two prime stock exchanges, the NSE and the BSE. The information, contained in this book, pertains to the period as of Sep 08. However, in case of advertorials, the latest available figures of Mar 09 have been provided.

The information has been primarily sourced and compiled from questionnaires widely circulated and administered by D&B India. The questionnaire sought details on various aspects such as management, memberships, reach & access, size & strength, products & services, growth & consolidation plans and areas of focus and thrust in the future. Besides, information has also been collated from secondary sources such as the stock exchanges, annual reports of the broking firms and their respective websites. Every effort was made to ensure that companies respond to the questionnaire. However, in the eventuality that a company has not responded with critical data, such firms have not been included in the publication. This is to ensure that all information contained in this book is authenticated and accurate.

A total of 209 companies have been profiled in the publication. The total number of trading terminals, which includes NEAT, BOLT and CTCL licenses, was taken as the principal eligibility criterion for inclusion in the publication. Further as the cut-off mark for inclusion, equity broking firms with total number of terminals equal to or more than 15 were considered for publication. Firms that were facing a suspension of trading activities from the regulators at the time of collection and analysis of data have been excluded.

The firms have been listed in the publication on various parameters such as number of terminals, regions, subbrokers, offices, employees and products & services offered. Terminal-wise listing is provided in the descending order of terminals, whereas other aspects of information such as number of sub-brokers, offices, employees and products & services are provided in an alphabetical manner for all the firms together. A standardised format has been used for reporting the information on the firms.

Each firm featured in the publication has been allotted its unique identification number, D-U-N-S® number (Data Universal Numbering System). This will help readers locate and obtain full-fledged information reports on these companies from the Dun & Bradstreet database. The edition also includes the section ‘Waiting in the Wings’ which contains brief information on companies that do not satisfy the eligibility criteria of the current edition, but are emerging and could be a part of the next one.

The editorial team is confident that ‘India’s Leading Equity Broking Houses 2009’ will prove to be resourceful and would appreciate if readers would keep D&B India regularly updated regarding any changes in their companies, as and when it occurs. We would be pleased to receive your invaluable feedback and suggestions, which we can incorporate in the next edition.