Earlier, before the onset of online trading in stock markets, traders used to place their buy and sell calls through phones with their brokerage houses.

Believe it or not – times have change. Now trading community are involved in using phones to place orders themselves via mobile internet, eliminating errors of price discrepancies and communication gaps between the two.

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According to NSE data, mobile trading has picked up pace amongst market participants to see nearly fourfold jump in turnover since the start of this fiscal year. The monthly turnover of mobile trading has surged to Rs.2606 crore in October, a jump of 22% from the previous month activity.

It needs to be pointed out that SEBI had permitted securities trading using wireless technology using mobile phones in August 2010, paving way for mobile trading amongst tech friendly market participants.

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