Bombay Stock Exchange (BSE) has introduced mobile trading in India in an effort to potentially increase the number of retail investors in the country. Right from the bat, more than 30 members of the exchange registered their participation in the program with more expected to jump on board in the next few days.
Using the new service, customers use their mobile phones to make orders which are then submitted through brokers’ servers to the stock exchange.
Securities and Exchange Board of India (SEBI) said in August that brokers registered to provide Internet-based trading will be able to also provide securities trading using mobile technology.
As of end of July, India had about 652 million mobile subscribers some of whom may like the idea of mobile trading. Obviously, mobile operators will want to take advantage of this trend and some of them are preparing to roll-out mobile trading (and other mobile commerce) services as we speak…
[Via: PCworld]