Wireless Securities trading
Orders sent to the exchange via wireless protocols, utilizing GPRS or other data services, via mobile phones or other wireless devices.
Why Mobile Trading
After online trading; the latest and the most far reaching trade channel is predicted to be the ubiquitous mobile handset.
A new breed of clients has arisen, equipped to trade at the convenience of their time and place – using their mobile handset.
No more waiting to get to a trading terminal or a PC to trade.
Mobile Trading – Key Concept
Mobile Trading is essentially an extension of internet based trading –but with small form factor device i.e: the mobile phone
Similar to a Client logging on to the broker’s trade portal on his internet enabled PC.
Broker will have full control of the risk parameters since orders submitted by client on his mobile will be sent via the Broker’s servers to the exchange.
Mobile Trading @ BSE
Broker members can use:
-Third party mobile trading solutions by vendors empanelled by BSE
Or
-In-house developed mobile trading solutions approved by BSE
Brokers need to ensure they abide by all norms mentioned in the SEBI circular CIR/MRD/DP/ 25/2010 regarding mobile trading
BSE will provide members with a test environment to test the solution
No separate IML ids required. Members can use existing IML ids.
Key circulars to refer
Application Procedure
In order to avail the facility on Securities Trading Using Wireless Technology at BSE member needs to submit
- Application Form –Annexure 1
- Vendor Certificate – (Letterhead of vendor>
- Self Certification – (Letterhead of member)
Click here to download application forms
- Members can use same IML IDs as those used for Internet Based Trading for this purpose.
- ITORS audit required unless already conducted by a BSE empanelled auditor
- Next scheduled periodic audit must also cover compliance of all requirements specified in the circular for Securities Trading using Wireless Technology• Next scheduled periodic audit must also cover compliance of all requirements specified in the circular for Securities Trading using Wireless Technology
Business Operation Department
17th Floor, P J Towers
Dalal Street, Fort
Mumbai 400001
Tel:No: 022- 2272 5116/ 5873/ 5012
For Queries and Feedback
Trading APP
Email:
trading.app@bseindia.com