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30,000 now use DSE mobile apps

FE Online Report | Published: June 16, 2018 15:53:21 | Updated: June 18, 2018 15:34:40


Share trading through DSE mobile apps continued to rise as the number of active users of the application surpassed 30,000-mark as of Tuesday, the last trading session before Eid-ul-Fitr vacation.

The number of active users of the DSE mobile application reached to 30,579 as of Tuesday.

The Dhaka Stock Exchange (DSE) 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.

The app’s features include market and trading statistics in real time, company information, portfolio information and company news.

DSE officials said, in May, around 4.0 per cent turnover was executed through DSE mobile app.

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 mobile app will give that comfort to investors.

Considering the fact, the bourse is optimistic that the application will be popular gradually.

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 2,781674 as of Tuesday.

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.

-bb/rmc

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