ANMI WIRC Launches StockTech Survey 2024-25 Highlighting Technological Trends in Stockbroking

Mumbai (Nilesh Khandare): The Association of National Exchanges Members of India Western Region (ANMI WIRC), representing over 900 exchange brokers, unveiled its StockTech Survey 2024-25 at its flagship StockTech event at NESCO, Mumbai. The survey sheds light on the evolving technological priorities and challenges in India’s stockbroking sector.

The findings reveal that 83.6% of stockbrokers plan to increase their IT budgets in 2024-25, with 41.8% aiming for a 20% hike. Investment priorities include:

1. AI and ML (34.3%) to drive predictive analytics and personalized trading strategies.

2. Algorithmic trading (32.9%) for precision and automation.

3. Blockchain (7.1%) to ensure secure and transparent operations.

Digital transformation remains a focus, with over 60% of stockbrokers digitizing more than half their business processes. Safety and simplicity also emerged as critical priorities, with 84.8% prioritizing cybersecurity and 90.9% emphasizing user-friendly platforms to encourage retail investor participation.

Shri V S Sundaresan, Executive Director of SEBI, noted, “The StockTech Survey highlights the transformative potential of technology in India’s capital markets. SEBI is committed to fostering innovation while ensuring transparency and investor protection.”

Mr. Harin Mehta, ANMI Chairman, added, “The survey captures the industry’s readiness to embrace AI, automation, and security, paving the way for sustainable growth and inclusivity in the digital era.”

The event, themed “Safety, Simplicity, and Scalability,” showcased cutting-edge fintech innovations, reaffirming India’s capital markets' commitment to modernization and resilience.