With the launch of real-time Sensex streamer on cellphones, investors can now track the market on the go. The Bombay Stock Exchange’s (BSE’s) enhancement initiative comes free of cost for any mobile phone user.
“An investor or any person interested in markets can download the streamer from the BSE site and track the Sensex and prices of its 30 stocks on a real-time basis,” said Madhu Kannan, chief executive officer of the exchange. The initiative was launched by Sadhguru Jaggi Vasudev from Isha Foundation on Tuesday.
The mobile streamer of the BSE can be availed on any handset that is Java enabled, with MIDP 2.0 and CLDC 1.1 configuration. It is convenient and does not require loging in and out. One has to just download the streamer to access it.
“You get delayed data on television, while the BSE Sensex mobile streamer is real-time and also free. The facility is aimed at increasing awareness and is a part of the investor education and awareness programme,” said Ashishkumar Chauhan, deputy chief executive officer, BSE.
About trading on mobiles, Chauhan said, “Technology is not a problem. With 50 crore Indians using cellphones these days, mobile trading will be a good option.”
“The Securities and Exchange Board of India (SEBI) is looking at the security aspect of mobile trading. One we get clearance from SEBI, we can launch it,” he added.