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Journalism of Courage
The National Stock Exchange launched trading through mobile phones and the Kerala-based brokerage house Geojit BNP Paribas Financial Services was the first member of the exchange which availed this facility.
“Among the members who have obtained the permission from the exchange to provide the facility of securities trading through wireless technology,the first trade on the exchange was by Geojit BNP Paribas,” the NSE said in a statement.
On the first day of operation,the brokerage firm saw the total value of trads worth Rs 33.81 lakh in capital market segment contributed by 74 clients,Rs 1.30 crore in the F&O segment contributed by six clients and Rs 18.83 lakh in the currency derivatives segment contributed by two clients.
Geojit BNP Paribas has membership in,and is listed on,the National Stock Exchange and the Bombay Stock Exchange.
Last week,the Bombay Stock Exchange launched mobile-based trading through its 33 leading brokers.
Leading BSE stock brokers,namely,Angel Broking,Motilal Oswal Securities,Marwadi Shares & Finance,BCB Brokerage,Asika Stock Broking,Geojit BNP Paribas Financial Services,SMC Global Securities,ICICI Securities,India Infoline,Kotak Securities,Standard Chartered STCI Capital Markets were among those who started providing the mobile-based trading facility to their clients.
