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The stock exchanges have registered brokers and the traders are connected through them. The exchange have hold on the brokers in turn the brokers have hold on their clients.
Stock exchanges ensure the counter party risk through their brokers,
If any retail investor is not adhering to his commitment the exchange holds the broker responsible for the same,
They have brokers who are looked into when there’s a problem regarding the money transaction of the trader. Even in order to become a stock trader, the broker has to invest an amount of 40-50 crores.
if an order place its through a broker the broker would have deposit some huge amount as a deposit so exchange face any transaction problem they deduct from the brokers deposit money so broker have to inform to the clients regarding the issues sobroker takes the huge risk compare to exchange and client
CLIENT’S worthiness is known to the broker concerned rather than the exchange SO it is the sole responsibility of the broker in case of problems with settlement of trade THE exchange will take the funds from the broker’s deposit with exchange on such occasion if the broker failed to settle the issue
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