MOBILE TRADING
ACEMONEY has launched the service of securities trading using wireless technology. Clients can trade through their GPRS enabled mobile set, while traveling anywhere in India or abroad. They can trade in the cash market, derivatives or currency, just like they can trade through their trading terminals and at the same speed. The clients mobile will be connected to the internet, then to the NOW platform which is connected to the exchange.
To access the application, the client will be provided valid login id and password which in turn will provide him access to live market data & ability to trade.
A client can see the ‘Market watch’ page on his mobile screen. This will display all the available indices and constituents of these indices. The viewer can see the last traded price, percentage change, best bid, best bid quantity, best offer and best offer quantity.
The user can place, modify and cancel orders. Each client’s orders & trades are subject to the limits provided ACEMONEY
NOTE – YOU CAN ALSO AVAIL FACILITY OF FREE LIVE MARKET WATCH ON YOUR MOBILE BY DOWNLOADING THE LINK: https://www.bseindia.com/static/members/BEST.aspx
Several safeguards have been built in, to ensure that the right people trade and messages are not tampered with.
1) Clients interested in Mobile Trading need to sign the modified Member-client agreement.
2) Identification through unique user id and password
3) A Comprehensive password policy has been implemented, with compulsory expiry of password after 14 days and automatic locking of user id after 3 unsuccessful attempts. The use of the last three passwords will not be accepted.
4) Only duly authorized clients’ orders will be allowed to be placed.
5) Online risk assessment will be done of all orders placed. Only orders within the parameters, specified by the risk management systems will be allowed to be placed.
6) Message integrity will be ensured through end to end encryption
7) Data will not be stored in the mobile for long, so that if it’s lost, data doesn’t get stolen.
For more details on mobile trading. Kindly contact us on 011-42700800 | it@acemoneyindia.com