Jul 14, 2009
Trading online in vogue | Reuters
zyakaira notes: Online trading has come a long way with unrestricted access to iternational markets, commodities and currency trading. The 5.5 million registered would count for more than 60% of the overall retail investor population which remains a poor 1-2% of the Indian population compared to 97% in the US
Indians eager to invest extra income are signing up in droves at Internet trading sites, data from the nations largest stock exchange shows.The number of investors registered for online trading has grown by at least 150 percent over 2006-07 figures, with 2.9 million in the cash segment and 5.5 million for both cash and F&O, according to records at the National Stock Exchange NSE.”Online trading helps me manage my portfolio better as there is more transparency and value-added services such as research reports,” says Akif Ahmad, a manager at a call centre in Gurgaon.Traditionally, equities trading in India has been done through brokers, in person or over the phone, but with the convergence of mobile and Internet, shopping for shares has become as easy as making a few clicks from ones PC or mobile phone.”One gets access to various value-added features like live market rates, intra-day charts, live news, market statistics, technical analysis tools and research reports,” says Divyesh Shah, CEO of Indiabulls Securities.According to NSE data, retail investors accounted for about 21 percent of trading volume for 2008-09, up from 18.3 percent in the previous year.
via Trading online in vogue among Indian investors| Personal Finance| Reuters.
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