BSE issues guidelines for trading via mobile phones

Software to be certified by BSE empaneled system auditor

PTI | September 13, 2010




The Bombay Stock Exchange (BSE) has said it has issued guidelines for securities trading using wireless technology.

Last month, the Securities and Exchange Board of India (SEBI) had issued necessary guidelines for providing "securities trading using wireless technology" which includes devices such as mobile phone and laptops with data card.

To avail of the facility, trading members will have to submit an application that will be followed by a system audit.

The application should also include vendor certificate and self-certification by the member, a BSE statement said here.

As per the pre-approval requisites, the software and the system proposed for securities trading should be duly certified by the BSE-empanelled system auditor. Audit charges for the same will be debited to the member's settlement account pursuant to the system audit/approval by the exchange.

Only on fulfilment of the requirements mentioned in the Sebi/BSE circulars, permission for commencing securities trading using wireless technology would be granted, it said.

As per the approval requisites, BSE said in case of failure of the wireless network, alternative means of communication for placing orders should be available to the clients. Members at their end are required to comply with the operational specifications and risk management mentioned in the Sebi circular, besides following the BSE-prescribed rules.

 

Comments

 

Other News

Railways imposed ₹5.13 crore fine for food quality and hygiene violations

Indian Railways serve about 58 crore meals every year on an average. About only 0.0008% food quality related complaints are received on average. Based on complaints during the last three years, appropriate penal actions have been taken by IRCTC. Such actions include imposition of fines amounting to ₹5.13

STHAVAR: Why every Indian built asset needs a permanent digital identity

India has built digital systems for identity, payments, taxation, documents, logistics and public services. State governments, ministries, infrastructure agencies and urban local bodies have also created portals for land records, building permissions, project monitoring, property taxation and municipal s

Saksham Skill census identifies 22,000 job-ready candidates in one Mumbai ward

A first-of-its-kind AI-enabled skill census conducted in Mumbai`s H-West Ward has identified a potential livelihood pipeline of nearly 22,000 candidates, generated over 32,000 provisional job matches while revealing that 71.2 per cent of surveyed homemakers are willing to join the workforce, according to

GI tags: Scaling traditional wealth into global brands

Geographical Indication (GI) tags have emerged as a powerful tool for protecting India`s cultural heritage, while creating economic opportunities for local communities. By linking products to their place of origin, GI tags preserve traditional knowledge, prevent misuse, and enhance consumer trust. They h

BMC: 207 officials in ACB net, 112 still on duty, 68 retire before justice catches up

There are significant delays in the handling of corruption cases involving officials of the Brihanmumbai Municipal Corporation (BMC), a Right to Information (RTI) response obtained by rights activist Jeetendra Ghadge has revealed. As of 30 April 2026, 207 BMC officials face Anti-Corruption Bureau (A

The transformation trap: Why efficiency is not innovation

Every company is transforming, or so it claims.   There was a time when the word ‘transformation’ carried weight. It signified bold strategic shifts, reinvention of business models, and breakthrough technologies that fundamentally changed how organizations created

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter