Description
DB (International) Stock Brokers Ltd (Member No. 3129) will cease operations in Currency derivative segment due to voluntary closure of business.
Summary
BSE has announced that DB (International) Stock Brokers Ltd (Member No. 3129) will cease operations in the Currency derivative segment due to voluntary closure of business. This is an informational notice to trading members with no action required from other market participants.
Key Points
- DB (International) Stock Brokers Ltd is exiting the Currency derivative segment
- Member Number: 3129
- Reason: Voluntary closure of business
- Notice Date: December 10, 2025
- Contact for clarification: membership.ops@bseindia.com
Regulatory Changes
No regulatory changes are introduced by this notice. This is a routine administrative update regarding member status.
Compliance Requirements
No compliance requirements for other trading members. This is an informational notice only. Members with queries can contact BSE Membership Department at membership.ops@bseindia.com.
Important Dates
- Notice Date: December 10, 2025
- Effective Date: Not explicitly stated; cessation to occur per voluntary closure procedures
Impact Assessment
Market Impact: Minimal. This affects only one broker’s operations in the currency derivatives segment and does not impact other market participants or overall market functioning.
Operational Impact: No operational changes required for other trading members. Clients of DB (International) Stock Brokers Ltd will need to transfer their currency derivative positions to other brokers if applicable.
Segment Affected: Currency Derivatives segment only.
Impact Justification
Routine administrative notice about a single broker voluntarily exiting currency derivatives segment with no direct market impact or compliance obligations for other participants