By Sameer Patil From its modest beginning as an open outcry floor trading exchange in the late 1800s to becoming only the second country after China to start the process of transitioning to a T+1 equity settlement mechanism in 2022, the Indian stock market has come a long way to emerge as one of the largest market ecosystems in the world. Undoubtedly, technology has been the key driver of the dramatic transformation in the brokerage industry. The introduction of electronic trading in the mid-1990s and SEBI’s decision to legalise Direct Market Access (DMA) in 2009 were the two most significant …
