Description
DB (International) Stock Brokers Ltd (Member No. 3129) will cease operations in the Currency derivative segment due to voluntary closure of business.
Summary
BSE has notified trading members that DB (International) Stock Brokers Ltd (Member No. 3129) will cease to conduct business in the Currency derivative segment due to voluntary closure of business. This is an administrative notification to inform market participants of the member’s exit from the currency derivatives segment.
Key Points
- DB (International) Stock Brokers Ltd is voluntarily closing its business operations
- The closure affects the Currency derivative segment only
- Member Number: 3129
- Notice issued by Amit Kadam, Assistant Vice President, Membership Department
- Contact email for clarifications: membership.ops@bseindia.com
Regulatory Changes
No regulatory changes introduced by this circular. This is a notification of a member’s voluntary business closure.
Compliance Requirements
No specific compliance requirements for other trading members. This is an informational notice about DB (International) Stock Brokers Ltd’s voluntary exit from the currency derivatives segment.
Important Dates
- Notice Date: December 10, 2025
- Notice Number: 20251210-1
Impact Assessment
Market Impact: Minimal. The voluntary closure of one member firm’s currency derivatives operations will have negligible impact on overall market operations and liquidity in the currency derivatives segment.
Operational Impact: Limited to clients and counterparties of DB (International) Stock Brokers Ltd who will need to make alternative arrangements for currency derivative trading. Other market participants are unaffected.
Segment Affected: Currency Derivatives segment only
Impact Justification
Administrative notice about a single broker voluntarily ceasing operations in currency derivatives segment. Limited market-wide impact as this affects only one member firm's operations.