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Old 28-12-2014, 01:20 PM
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Arrow Mobile trading turnover doubles in 2014

After banking and shopping, people are now getting increasingly comfortable with equity trading through mobile-based applications or apps. Mobile trading has become an important focus area for brokerages from early this year when equity markets first started showing signs of a turnaround.

Average daily turnover through mobiles has increased 2.5 times to Rs 221 crore as of November from Rs 88 crore in January on the National Stock Exchange (NSE) and the BSE.

While this is a sharp jump in cash turnover, it accounts for less than one per cent of the total trades in the market. Sector officials, however, are taking this segment seriously, as the volumes through this route are expected to show exponential growth.



http://www.business-standard.com/art...2600728_1.html
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