Mumbai, September 12: With a view to making trading in stocks simpler and easier, the Bombay Stock Exchange has invited broker-members to register with its wireless platform that will allow investors to place buy or sell orders using mobile phones.
The guidelines for wireless trading follows an August 27 circular by market regulator SEBI.
The National Stock Exchange has already started trial trading via wireless technology for its members.
The facility will enable any registered broker or a client to trade from anywhere in the country to trade through their mobile phones. Clients can place orders, view positions and trade from anywhere in the country, said a person familiar with the matter.
As per the BSE guidelines, the trading members of the bourse will have to submit an application that will be followed by a system audit.
–Agencies