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Internetbased stock trading while still in its infancy in the ...

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trading in shares on the National Stock. Praxis. . Business Line. . July 2000. . 13. C. J. George. online trading. Shaju John ...

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Internetbased stock trading while still in its infancy in the country has the potential to really benefit the investorPage 1LTHOUGH the information technology revolution has reduceddistances and created a globalvillage only a few isolated pockets in India are privy to thesefacilities and the inherent advantagesthat stem from the Net. And yet for thebusiness savvy stockbroker these isolated IT villages have thrown up tremendous opportunities.With just two technologies to choosefrom Internetbased stock trading is stillin its infancy in the country. Thus thereis limited choice for early entrants NSE.IT and Financial Technologies.These technologies offer frontend trading software by providing the investorwith a trading platform. For the brokerthey act as an interface between thestock exchange the bank and the depository participant (DP) for executingbanking and securities transactions. 12 Praxis Business LineJuly 2000AInternetbasedstock tradingwhile still in itsinfancy in thecountry has thepotential toreally benefitthe investorwith its abilityto offer greaterspeed andtransparencyat a muchlower cost. NET TRADINGTaking stock of Page 2The efficacy of the bank and DP interfaces is yet to be fully tested in thedomestic market. The final test of the efficiency and reliability of these technologies willcome when multibank and multiDPinterfaces are built with the broker. This will be the major challenge forInternet software. The objective beforethe online broker is to execute a largenumber of transactions from a largeclient base and a large order book position. This calls for extremely sophisticatedand efficient technology and software.The advantage for a late entrant intoInternet stock trading will be the presence of a wide array of tested and proventechnologies to choose from at low costs.And as time goes by value addition willbecome the norm for the existing software. Som ...

Source: www.thehindubusinessline.com

 

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