FE Report
Share trading through DSE mobile app continued to rise as the number of active users of the application rose to 24,565 as of Thursday.
The Dhaka Stock Exchange (DSE) on March 9 last year launched the mobile-based share trading app. The app is available on Google Play Store and offers features to help users track the indices and get market and company information.
The app's features include market and trading statistics in real time, company information, portfolio information and company news.
"Smart phone connectivity has been on the rise and 3G pricing has also been conducive towards the rise of internet usage. …The share of mobile trading as a percentage of retail market turnovers is expected to rise further in coming months," a top broker said.
The number of active users of the DSE mobile application increased to 24,565 as of December 21 (Thursday) from that of around 1,900 in May last year.
DSE officials said, in November, around 3.0 per cent turnover was executed through DSE mobile app which was only 1.0 per cent in May last year.
Although the DSE is yet to get desired number of users, the number of trades executed through the application was satisfactory considering the number of users, they added.
They said as the existing transaction system does not provide instant account related information without making any call to a trader, the DSE mobile app will give that comfort to investors.
Considering the fact, the bourse is optimistic that the application will be popular gradually, they said.
To attract investors and to make the trading application familiar to investors, the premier bourse initially made it free of cost for users for a particular time.
However, they said that the bourse is yet to decide how long the application would be free of cost.
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 2,719,315 as of Thursday.
Android phone 4.4-version with four inches display and 320 pixel resolutions are the minimum requirements for using the DSE Mobile 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.
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