The National Stock Exchange (NSE) is all set to introduce mobile trading through approximately 800 registered brokers in early October with an aim to reach out to more customers, according to an NSE official.

Fifty randomly picked brokers will start getting data on their mobiles from September 6 and the market data facility will be extended to all investors and brokers on their mobiles with effect from September 13.

From Timesofindia.indiatimes.com:

Currently, only about 10-15 big brokers who have the infrastructure, offer mobile trading but at very high costs. “For the first time in India, NSE is taking steps towards facilitating nearly 800 members and their clients (total 1.2-crore investors) to trade through the mobile infrastructure set up by NSE from early-October,” the NSE official said, adding that NSE has 1,200 active brokers.

In early-October, the NSE will enable any registered broker or a client to trade from anywhere in the country through their mobile phones. Clients can place orders, view positions and trade from anywhere in the country, the official said.

The data includes the best bid and ask price of Nifty and other stocks, currency, and derivatives. Mobile trading will be carried out in a similar manner as Internet trading.

Tags: Internet trading, mobile trading, National Stock Exchange, Nifty, NSE

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