Market Advantage big brokers as industry consolidation intensifies Updated : February 25, 2020 02:18 PM IST The broking industry has an NSE active client base of 9.8 million as of January 2020. Smaller brokers have found it difficult to keep up with the changing needs of clients. Revenue growth for top 7 brokers accounting for 35 percent of NSE active client has increased at a CAGR of 16 percent over FY14-19. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.