Broker vs depository participant

Others 6659 views 2 replies

How is a Broker different from a Depository Participant.......??


 

Replies (2)

IN STRAIGHT WAY.....BROKER IS THE MEMBER OF ANY STOCK EXCHANGE AND A DEPOSITORY PARTICIPANT IS THE MEMBER OF ANY DEPOSITORY I.E.  NSDL OR CDSL...

U OPEN UR TRADING ACOUNT WITH BROKER AND DEMATE A/C WITH D.P.

 

BROKER MAY ALSO BE A MEMBER OF BOTH  ANY STOCK EXCHANGE AND ANY DEPOSITORY...

I THINK THIS IS ENOUGH....

Thanx a lot Ramesh....!!


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