Mobile-based Trades Grow Nearly 3-fold at NSE

By Gizbot Bureau

| Published: Monday, February 9, 2015, 16:17 [IST]

In growing use of technology, trading through mobile phones soared nearly three times last year at the National Stock Exchange, while Internet-based trades rose by 52 per cent.

As per the latest data compiled by the NSE, the average daily turnover of trades through mobiles stood at Rs 156 crore in 2014, up from Rs 64 crore in 2013. At the same time, Internet-based trading daily average turnover rose to Rs 1,836 crore in 2014, up 52 per cent from Rs 1,206 crore in the preceding year.

Mobile-based Trades Grow Nearly 3-fold at NSE

The number of investors trading through the Internet increased by 17 per cent and through mobiles by 101 per cent last year, NSE said. During December 2014, the total mobile-based trading volume stood at Rs 4,313.06 crore on the NSE as compared to Rs 1,743.61 crore in the same month of the previous year.

Trades volumes worth Rs 957.47 crore were done through mobiles in December 2012. Mobile trading segment has seen tremendous growth, since its inception in late 2010, NSE said. The exchange has taken several steps for increasing Internet and mobile participation over the years such as developing an application for brokers who can use this platform to register their customers to buy and sell.

"NSE mobile trading application presents an easy way to access market data and trade on mobile phones for investors," the exchange said. The mobile application is compatible with almost all handsets and operating systems such as android phones, tablets, iPhones and iPads.

Source: PTI