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.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags Bharti AirtelBombay Stock Exchangetelecommunicationmobileinternet

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

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Matthew Stivala

HP OfficeJet 250 Mobile Printer

The HP OfficeJet 250 Mobile Printer is a great device that fits perfectly into my fast paced and mobile lifestyle. My first impression of the printer itself was how incredibly compact and sleek the device was.

Armand Abogado

HP OfficeJet 250 Mobile Printer

Wireless printing from my iPhone was also a handy feature, the whole experience was quick and seamless with no setup requirements - accessed through the default iOS printing menu options.

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

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.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?