Online financial services provider India Infoline said it is planning to launch mobile trading services, which would enable its customers to trade in the market through their cellphones.
The company informed the Bombay Stock Exchange that it has launched the customized Mobile Value Added Service (VAS), which will provide its customers with firsthand information about their stocks and account positions.
"The company plans to move one level up in terms of customisation by launching mobile trading which is subject to necessary regulatory approvals," it said.
The mobile VAS feature would include real time news and share price pertaining to the stocks in a customer's account, market updates for Sensex, Nifty, Midcap, Dollar and Gold and day-end net position of the customers' portfolio.
Customers can obtain their risk position before the market opens through Debit/Credit ledger balance among other features.
"Time is precious and we would not want our customers to routinely waste time finding out about their stocks or account positions. 5paisa (company's online brokerage arm) has a strong technology backup to make this idea successful and we aim to leverage this opportunity to introduce few more innovations," Joint Head of Online Media and SMS Mudita Ghia said.