Share trading through 'DSE mobile application' is increasing gradually as the number of active users of the application rose to 18,013 as of August 31, 2017 from that of 8,098 in January, 2017.
In the past eight months from January to August, 2017, about 9,915 new investors were registered with the DSE mobile app, according to the statistics from the Dhaka Stock Exchange (DSE).
The country's premier bourse on March 9, 2016 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.
An investor, however, will first need to register with the concerned broker and then install the app from the Google Play Store. The ICT Division and the DSE developed the app jointly.
This application gives the opportunity to anyone to do share trading from anywhere without physically being present at a brokerage house and without the involvement of authorised traders.
The DSE mobile app's features include market and trading statistics in real time, company information, portfolio information and company news.
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, DSE officials said.
They said as the existing transaction system does not provide instant account related information without making any call to a trader, the mobile app is giving that comfort to investors.
Considering the fact, the bourse is optimistic that the application will be popular gradually, they said.
According to the Central Depository Bangladesh Limited (CDBL), which preserves electronic data of all individual and institutional investors, the total number of active beneficiary owners (BO) accounts is 2.66 million as of August 31.
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.
© 2020 - All Rights with The Financial Express