Mobile-based trades grow nearly 3-fold at NSE

NEW DELHI, Feb 9 (PTI): In growing use of technology, trading through mobile phones soared nearly three times last year at the National Stock Exchange, while Internet-based trades rose by 52 per cent.

As per the latest data compiled by the NSE, the average daily turnover of trades through mobiles stood at Rs 1.56 billion in 2014, up from Rs 640 million in 2013.

At the same time, Internet-based trading daily average turnover rose to Rs 18.36 billion in 2014, up 52 per cent from Rs 12.06 billion in the preceding year.

The number of investors trading through the Internet increased by 17 per cent and through mobiles by 101 per cent last year, NSE said.

During December 2014, the total mobile-based trading volume stood at Rs 43.13 billion on the NSE as compared to Rs 17.44 billion in the same month of the previous year. Trades volumes worth Rs 9.57 billion were done through mobiles in December 2012.

Mobile trading segment has seen tremendous growth, since its inception in late 2010, NSE said.