TMI BlogTrading of Shares Through Smart Phones More Than Doubled in 2014-15 (Till February 2015) as Compared to Last Year (2013-14)X X X X Extracts X X X X X X X X Extracts X X X X ..... Trading of Shares Through Smart Phones More Than Doubled in 2014-15 (Till February 2015) as Compared to Last Year (2013-14) - News and Press Release Dated:- 14-3-2015 - News - Trading of shares through smart phones has increased. The Securities and Exchange Board of India (SEBI) permitted securities trading using wireless technology vide its circular dated August 27, 2010. The said circular deal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s with trading using devises such as mobile phones, laptops with data cards etc., which use Internet Protocol. Based on information provided by SEBI, the details regarding trading of shares through Securities Trading using Wireless Technology (STWT) in Cash Market of NSE and BSE in the last three financial years (i.e., 2012-13, 2013-14 and 2014-15 till February 2015) are given below: ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2012-13 2013-14 2014-2015 (till Feb 2015) Turnover on account of trades undertaken using STWT (in Rs. crores) 19,871.20 38,523.54 90,597.98 Source: SEBI SEBI Circular dated August 27, 2010 contains, inter alia, directions to stock exchanges, with ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... which the exchanges are required to assure compliance of brokers. These include: i) To ensure secure access, encryption and security of communication for internet-based trading and securities trading using wireless technology. The level of encryption in this regard is governed by Department of Telecommunications, policy regulation. ii) Adequate measures to be provided for user identif ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ication and authentication and access control to prevent misuse of such facility by unauthorized persons. iii) Unique identification number as given in case of internet based trading shall be made applicable for securities trading using wireless technology. iv) Additional provisions specifying possible risks, responsibilities and liabilities associated with securities trading using wire ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... less technology are required to be incorporated in the Broker-Client agreement as an addendum or by bringing to the notice of clients, who are desirous of availing such facility, and taking their concurrence on the same. v) Further, the said Circular requires network security protocols and interface standards to be as per prevalent industry standards and sound audit trails to be available fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r all transactions conducted using wireless devices. vi) In addition, the stock exchanges are required to arrange periodic systems of broker systems to ensure that the requirements specified in the SEBI circular are being satisfied. vii) Stock exchange shall also include securities trading using wireless technology in their ongoing investor awareness and educational progamme. This wa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s stated by Shri Jayant Sinha, Minister of State in Ministry of Finance in written reply to a question in the Lok Sabha. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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