SEBI Allows Mobile Trading
Share Trading via mobiles has now been allowed by India’s stock market regulator, the Securities & Exchange Board of India. In contrast with the Reserve Bank of India, which treats mobile and Internet differently, and treads cautiously when it comes to mobile, given the differences in scale between the two media, SEBI has suggested that the same guidelines applicable to Internet trading be applicable to wireless trading, which includes mobile phones, laptops with Data Cards etc. While this doesn’t allow SMS based trading, we’re glad that SEBI is taking a ubiquitous approach, and treating all transactions over Internet Protocol in the same manner.
Written by admin on October 31st, 2010 with no comments.
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