In today’s fast-paced world, ability to trade stocks from a mobile phone acts like a lifeline for a number of investors especially those traveling around the globe. As stock market prices and market fluctuations can literally change in minutes, it’s very important to be connected when you are on the move to counter any strong market moves while on the move.
Trading through mobile phones has gained popularity the world over and now the Indian capital market watchdog, Securities Exchange Board of India (SEBI) has given the green signal for trading of shares via mobile phones. With the regulators nod, the Indian stock exchanges are all set to offer the facility to investors through their registered brokers.
The facility will enable any registered broker or a client to trade from anywhere in the country to trade through their mobile phones. Clients can place orders, view positions and trade from anywhere in the country. All trading facilities accessible in Internet trading will be available in mobile trading and Investors will be able to see real time changes in share prices and market data of multiple companies on their mobile screen. An Investor will need to have an online trading account & Internet enabled mobile phone. Investors will have to download a software application from the link forwarded by their broker.
Large Telecom Subscriber Base: According to data released by the telecom regulator, the wireless subscriber base increased from 635.51 million in June to 652.42 million by the end of July 2010, registering a growth of 2.66 per cent. However, the total number of telephone subscribers (both mobile and landline) in India increased to 688.38 million by the end of July from 671.69 million in June.
India has a lot more mobile phone subscribers with total connections estimated at 652.42 million as on Aug 1, than those using PCs and SEBI’s decision to open up the trading platform for mobile users is likely to result in the rise of equity culture in the emerging Indian economy.
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