NSE-GOVT 2LST

NSE also said that retail participation has gone up
considerably in recent years, as evident from the average
trade size declining from Rs 1,12,000 in 1996-97 to just Rs
23,000 in first quarter of 2009-10. "Retail investors invest
in small amounts compared to institutional investors. NSE's
average trade size is among the lowest from stock exchanges
across the world."
Narain said that NSE was giving high importance to
investor education and awareness.
On reports that "Indian capital market growth was skewed,
based on the contribution of a top few clients in the total
trading activity," Narain said that it was natural for large
institutional invetors to be major contributor to the total
volumes in any market.
"When we consider that money invested by these
institutional players is also made up of contributions from a
large retail investor population, it becomes clear that the
client base is by no means modest," he said.
On NSE, the top 10 brokerage firms contribute about 24
per cent of total trading, as against 38 per cent on the NYSE
(New York Stock Exchange) and 66 per cent on each of Bursa
Malaysia and Johansesburg, he said. PTI