Mobile app to provide Updates of BSE soon

Trading at your fingertips may soon become reality. One may soon be able to trade real time through ones mobile phone.

Going by the push that stock exchanges are giving to mobile-based applications, it looks like market players are ready.

Bombay Stock Exchange (BSE) has launched an application that will show the 30 Sensex scrips on mobile phones, real time, claiming it to be just the first small step.

Ashish Chauhan, deputy CEO of BSE, said, “In India there are 1 crore personal computers, but 50 crore phones. We hope to penetrate a large customer base through mobile phones."


National Stock Exchange (NSE) is also ready for mobile trading and even brokerages have put the basic technology infrastructure in place.

But there are challenges, experts say, such as bandwidth issues, use of 3G services and a proper payment mechanism, which will enable investors to move funds from their bank account to their broking account through the same screen.

Nandip Vaidya, president of retail broking at India Infoline, said, “It’s one thing to view a price of a stock and another to transact. We need to ensure that trading happens in a secure manner."

Meanwhile, experts don’t see costs being a major issue, as users will only have to pay their service provider.

With brokers providing the service free of charge, the key issue, they say, will be security.

No wonder market regulator Sebi is taking its own time to come out with the final guidelines.