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DSE mobile app getting popularity among investors

FE Team | Published: June 30, 2018 21:56:39

DSE mobile app getting popularity among investors

FE Report
The number of active users of DSE mobile application rose significantly in the outgoing fiscal year (FY), following the investors' increased interest in the app.
The number stood at 31,270 in FY 2017-18, which is 108.46 per cent higher than that of the previous FY. It was 15,048 as of June 30, 2017.
Dhaka Stock Exchange (DSE) launched the mobile-based share trading app on March 9, 2016. The ICT Division and the DSE developed the app jointly.
The app is available on Google Play Store and offers features to help users track the indices and get market and company information.
In FY 2017-18, the investors using the app placed more than 4.2 million orders, of which 2.7 million were executed, according to the DSE information.
"The DSE is trying to facilitate investors with the best uses of technology. Investors' interest in the mobile app is also on rise," a DSE official said.
An investor first needs to register with the concerned broker and then install the app from the Google Play Store.
The app provides anyone with the opportunity to trade share from anywhere, without being physically present at a brokerage house and without the involvement of authorised traders.
The app's features include market and trading statistics in real time, company information, portfolio information and company news.
Android phone 4.4-version with four inches display and 320 pixel resolutions are the minimum requirements for using the app.
The application allows users to place orders directly to the bourse's server, but traders and brokers are allowed to interrupt if any unusual order is placed.
The number of users, however, is very insignificant compared to the total number of active BO (beneficiary owner's) accounts.
According to the Central Depository Bangladesh Limited (CDBL), which preserves electronic data of all individual and institutional investors, the total number of active BO accounts is 2.76 million as of June 28, 2018.
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