With brokerages focussing on technology, smartphones are used more by investors
Retail investors who till a few years back were largely dependent on dealers and relationship managers to trade in the stock market are increasingly using their mobile phones to trade, as the share of mobile trading has more than doubled in the last two years.
The trend is largely attributed to the increased focus on technology by brokerages and the deep penetration level of smart phones and affordable data plans.
Interestingly, trading applications of leading brokerages feature among the popular finance apps in both, Android and iOS platforms.
In October, the share of such trades on the National Stock Exchange was more than 8%, a significant rise from the 3.40% share in October 2016. Similarly, mobile trading share has risen from 2.40% to 5.69% on BSE in the last two years.