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SEBI allows stock trading on mobile phones

August 31, 2010

The Securities and Exchange Board of India (SEBI) has recently made an announcement that they will now allow the trading of stock through mobile phones.  Earlier when trading of stock was allowed online the volume of the trade had grown manifold and now the decision of SEBI to allow trade through mobile phone will surely boost the trade volume.

In order to use this mobile service client software for mobile phones has to be developed by the brokers which can be downloaded by the customers on their handset and then by entering their user id and password the customer will be able to do the trade.

This latest service will prove to be very beneficial for the customers as now they will have access to the trading through their GPRS enabled handset. Moreover through their mobile phone the customers will have access to their order details, transactions and other details no matter wherever they may go.  The volume of trade will undoubtedly increase with the mobile trading.

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