India introduces securities trading through mobile phones

The mobile trading service was introduced by the Bombay Stock Exchange

Bombay Stock Exchange (BSE), India’s oldest exchange, has introduced mobile trading in India, potentially increasing the number of retail investors in the country.

Over 30 members of the exchange registered their participation in the program at its introduction Tuesday, BSE said in a statement. More are expected to start mobile operations in the next few days, BSE said.

Brokers in India already offer Internet-based trading.

Under the new service, orders submitted by clients on their mobile phones or other wireless devices will be sent through the brokers’ servers to the stock exchange, BSE said.

The move to mobile trading became possible after the financial regulator, Securities and Exchange Board of India (SEBI) said in August that brokers registered with SEBI to provide Internet-based trading will be eligible to also provide securities trading using wireless technology.

India had about 652 million mobile subscribers at the end of July, according to data from the Telecom Regulatory Authority of India. A number of mobile service providers are trying to offer new services to customers to make up for falling voice call rates.

Bharti Airtel, the country’s largest operator, plans to offer its customers the ability to purchase virtual currency that they can store on their mobile phones and use to shop at select outlets, according to reports.

John Ribeiro covers outsourcing and general technology breaking news from India for The IDG News Service. Follow John on Twitter at @Johnribeiro. John's e-mail address is john_ribeiro@idg.com

Join the PC World newsletter!

Error: Please check your email address.

Tags Bharti AirtelBombay Stock Exchangetelecommunicationmobileinternet

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

John Ribeiro

IDG News Service
Show Comments

Essentials

Microsoft L5V-00027 Sculpt Ergonomic Keyboard Desktop

Learn more >

Lexar® JumpDrive® S57 USB 3.0 flash drive

Learn more >

Mobile

Lexar® JumpDrive® S45 USB 3.0 flash drive 

Learn more >

Exec

Audio-Technica ATH-ANC70 Noise Cancelling Headphones

Learn more >

Lexar® Professional 1800x microSDHC™/microSDXC™ UHS-II cards 

Learn more >

HD Pan/Tilt Wi-Fi Camera with Night Vision NC450

Learn more >

Lexar® JumpDrive® C20c USB Type-C flash drive 

Learn more >

Budget

Back To Business Guide

Click for more ›

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre x360

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga 910

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?