ANMI has played key role in supporting India's capital market reforms over three decades: NSE CEO
Mumbai, July 31
The Association of NSE Members of India has played a key role in supporting the evolution of India's capital markets by acting as a bridge between trading members and the exchange through major market reforms, National Stock Exchange Managing Director and Chief Executive Officer Ashishkumar Chauhan said on Thursday.
Addressing the 31st Foundation Day celebrations of ANMI, Chauhan said the association has contributed to the development of India's market ecosystem by helping members adapt to regulatory and technological changes over the past three decades.
"Thirty-one years is not merely a milestone. It is a testament to institutional continuity in a sector that has changed beyond recognition," Chauhan said.
Recalling the early years of the National Stock Exchange, he said ANMI worked closely with the exchange when India transitioned to screen-based trading, helping brokers adapt to technology-driven market systems and new market infrastructure.
According to Chauhan, the association has since evolved into a consistent platform for engagement between trading members and the exchange on issues including margin frameworks, risk management systems and trading policies. He said ANMI also played an important role in facilitating communication and supporting market participants during key reforms, including the pledge-repledge mechanism and the transition from the T+2 to the T+1 settlement cycle.
"ANMI has represented member perspective in a structured manner, helping align policy intent with operational realities," he said.
Addressing the gathering, ANMI National President Kamlesh Shroff said India's capital markets have undergone significant transformation over the past three decades, ranging from physical share certificates to dematerialised holdings, technology-driven trading, shorter settlement cycles and digital payment systems. He said the association remains committed to working with regulators and other stakeholders as technologies such as artificial intelligence, digital public infrastructure, tokenisation and cybersecurity shape the next phase of market development.
Addressing the event, SEBI Executive Director G. Ram Mohan Rao said India's securities market has crossed 13 crore unique investors, but noted that there remains significant scope to deepen investor participation. He said brokers will continue to play an important role in investor education, trust and market integrity as financial markets become increasingly technology-driven.
Looking ahead, Rao said India's capital markets will play a larger role in financing entrepreneurship, infrastructure, innovation and economic growth, adding that industry associations such as ANMI will continue to contribute towards building markets that are efficient, resilient, transparent and trusted.
— ANI
Reader Comments
While I appreciate the reforms and the work of NSE and ANMI, I do wish they had done more to protect the small investor during the initial years. The 2001 and 2008 crashes were brutal for us. The regulator and exchanges have improved a lot since then, and I'm glad to see the focus now on investor education. Good to see 13 crore unique investors now - but we need to ensure they are making informed decisions, not just following herd mentality.
Proud moment for India's capital markets! The transition from physical to demat trading was a monumental shift, and the easy adaptation by brokers speaks to the collaborative approach between NSE and ANMI. With AI and tokenisation on the horizon, the next three decades will be even more exciting. Kudos to the team for building such robust market infrastructure. Jai Hind! 🙏
Nice to see India's financial market infrastructure getting the global recognition it deserves. The speed at which they moved to T+1 settlement was impressive - countries like the US are still catching up! The collaborative model between the exchange and brokers' associations seems to be working really well. Looking forward to seeing how AI and digital public infrastructure will shape the next phase.
The role of ANMI might go unnoticed by retail investors, but the behind-the-scenes coordination during reforms like the pledge-repledge mechanism was crucial. As a trading member myself, I've seen how the association represents our concerns directly with NSE. This bridge-forum approach is the reason why our markets are so efficient today. But honestly, we need more focus on the next wave - handling AI-driven trading volumes and cybersecurity threats. That's the real challenge going forward.
D