NSE to start trading over mobile phones

With a view to reach out to more customers, the National Stock Exchange (NSE) is gearing up to launch trading over mobile phones through nearly 800 registered brokers in early October, an NSE official said.

At present, only about 10-15 big brokers have the infrastructure to offer mobile trading and it comes at a very high cost.

"For the first time in India, NSE is taking steps towards facilitating nearly 800 members and their clients (total of 1.2 crore investors) to trade through the mobile infrastructure set up by NSE from early-October," the NSE official said, adding that NSE has 1,200 active brokers.

In early-October, the NSE will enable any registered broker or a client to trade from anywhere in the country through their mobile phones. Clients can place orders, view positions and trade from anywhere in the country, the official said.