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With growing use of technology, trading through mobile phones soared about three times last year at the National Stock Exchange (NSE), while Internet-based trades rose 52 per cent.
According to the data from NSE, the average daily turnover of trades through mobile phones stood at Rs 156 crore in 2014, up from Rs 64 crore in 2013, while Internet-based trading daily average turnover rose to Rs 1,836 crore in 2014, up 52 per cent from Rs 1,206 crore the preceding year.
The number of investors trading through the internet increased 17 per cent and through mobile phones by 101 per cent last year, NSE said.
In December, the total mobile-based trading volume stood at Rs 4,313 crore on the NSE, compared with Rs 1,744 crore a year ago. Trades volumes worth Rs 957.5 crore were done through mobiles phones in December 2012. The 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.
“The 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.
