The Hindu Business Line : `Angel Broking heads the pack with 5,081 terminals'

Broking houses such as Angel Broking (5,081 trading terminals), Motilal Oswal Securities (4,179), SMC Global Securities (3,231), Indiabulls Securities (2,700) and Geojit (2,410) top the list of players in terms of number of terminals.

The survey, in which over 90 per cent of the country's broking outfits participated, ascertained that more than half (52 per cent) of the players are based in the western region. The north, south and east account for 25 per cent, 13 per cent and 10 per cent respectively.

Mumbai (with 40 per cent) was the No 1 metro, complete with the highest number of terminals.

This was followed by Delhi (12 per cent), Ahmedabad (8 per cent), Kolkata (7 per cent) and Chennai (4 per cent), a report has mentioned.

About 25 per cent of brokers wanted to go public with IPOs, the survey found. Further, another 40 per cent were scouting for a tie-up or joint venture with overseas players.

Several local outfits, including Geojit, UTI Securities and Sharekhan have lately taken to M&As, the report has stated, adding that key shareholdings have been involved in some of these deals.

As many as 68 per cent of the brokers have opted for expansion of business through institutional investors, including FIIs, it is pointed out.

A high proportion of those surveyed are willing to increase the number of their FII clients.

Interestingly, 40 per cent of the branches established by broking firms are in the northern region.

In contrast, about 55 per cent of the sub-brokers are based in the south.