Wireless securities trading okayed by Indian regulator, SEBI
Market regulator Securities and Exchange Board of India has permitted the use of wireless devices – cell phones, notebooks and the like - for trading on the share market -- what is called smart order routing.
This means the days of having to call up a broker or logging on in a computer to buy sell or transfer shares are over.
The major stock exchanges have already put in place their own mechanisms to make this happen
If you already deal with a brokerage firm for your trading, you may have to download a special chunk of software to enable your mobile device.
Major brokers like Geojit, Karvy, Angel, Kotak, BNP etc already facilitate trading through their websites – so really this is a small incremental step as far as they are concerned.”All relevant requirements applicable to internet based trading shall also be applicable to securities trading using wireless
technology” says SEBI