Who was appointed the new chairman of the Bombay Stock Exchange Brokers’ Forum (BBF) in September 2024?

The correct answer is Anup Gupta.

Key Points

• Anup Gupta was appointed as the new chairman of the Bombay Stock Exchange Brokers' Forum (BBF) in September 2024.
• The Bombay Stock Exchange Brokers' Forum (BBF) serves as a representative body for brokers registered with the Bombay Stock Exchange (BSE).
• Anup Gupta is a seasoned professional in the financial sector with years of experience in capital markets and brokerage services.
• The appointment is aimed at strengthening the representation of brokers and addressing key issues in the stock trading ecosystem.
• The BBF plays a vital role in providing a platform for brokers to discuss regulatory concerns and advocate for policy changes.

Additional Information

• Bombay Stock Exchange (BSE):
  • BSE is Asia's oldest stock exchange, established in 1875.
  • It is located in Mumbai, India, and is one of the largest stock exchanges globally.
  • The exchange facilitates trading in equities, derivatives, commodities, and currencies.
• Brokers' Forum:
  • The Brokers' Forum is an organization representing brokerage firms registered with stock exchanges.
  • It advocates for market reforms, facilitates communication between brokers and regulators, and provides a platform for discussion on industry challenges.
• Role of BBF Chairman:
  • The chairman oversees the forum's operations and ensures effective communication between members and stakeholders.
  • They play a critical role in addressing regulatory challenges and enhancing the efficiency of brokerage services.
• Stock Brokerage in India:
  • Stock brokers act as intermediaries between investors and stock exchanges.
  • They facilitate trading of securities while ensuring compliance with regulatory norms.
  • Major stock brokers include Zerodha, Angel One, ICICI Direct, and HDFC Securities.