Stocks portal from Bhagya Soft

	Financial Daily from THE HINDU group of publications Monday, June 05, 2000

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Info-Tech | Next

Stocks portal from Bhagya Soft

Our Bureau

HYDERABAD, June 4

BHAGYA Soft, a division of the Hyderabad-based Bhagyanagar Woodplast Ltd (BWL), has launched bhagyastock.com, an online stocks investment portal.

Addressing a press conference here, the BWL Chairman and Managing Director, Mr. N. Kishan Reddy, said stock broking houses and brokers can get on to online trading directly by availing the application services provided by the company without any investme nt. The portal offers services to both brokers and investors.

The portal has a database of brokers from all stock exchanges across the country. The investor can choose his broker based on his own parameters or transact with his personal broker by requesting the broker to register on bhagyastock.com. The portal prov ides facilities such as client-member agreement, online ordering, online status of orders, online confirmation of executed orders, sauda book, ledger and other facilities relevant to brokers and investors.

According to Mr. Reddy, each registered broker gets a free home page on the portal. The brokers can see the total orders on the day and those pending client-wise. Immediately on execution of orders, the broker can send an online order confirmation to eac h of his clients registered with bhagyastock.com. The portal extends a back-office accounting system to the brokers, which facilitates the accounting functions of a broker, including daybooks, client-wise ledger, sauda, payments etc.

Investors, though not registered with any of the brokers on bhagyastock.com, would be provided with free portfolio management software with alerts. ``The investor can determine his `book profit' or `stop loss' range on the investments. The system gives t he alert as and when the specified range is reached,'' Mr. Reddy said.

Future plans of the company include online trading as and when permitted, integration with payment systems, demat accounts facility for investors and brokers, specialised services for NRIs, partnership with banks and venture capital funds, he added.