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