​​​
  1. E-broking gaining traction at brokerages

E-broking gaining traction at brokerages

Online trading, which accounts for 66.4% of client accounts at brokerages...

Published: November 14, 2014 12:10 AM

Online trading, which accounts for 66.4% of client accounts at brokerages, is fast catching up. Income generated through e-broking transactions increased 8% in FY14, with nearly 44% income in the equity broking business coming through e-broking in FY14.

Client accounts using mobile trading went up from 0.35 million in FY13 to 0.6 million in FY14, recording 70% growth.

For broking firms, mobile trading is a big opportunity as India is the world’s second largest telecom market. Most brokerages are based in West India, where internet penetration is higher.

E-broking

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Tags: E-broking

Go to Top