Date:30/04/2004 URL: http://www.thehindubusinessline.com/2004/04/30/stories/2004043001651900.htm

Back Hutch introduces stock trading desk on mobiles in Mumbai

Our Bureau

It makes available to stock market participants the complete suite of dealing desk trading functionalities on a mobile.

Mumbai , April 29

FINANCIAL Technologies and Hutch India have together launched what they called the first wireless Internet mobile dealing desk through the Orange wireless service in Mumbai on Thursday.Called `i-Win', this facility provides stock market and trading facilities to Hutch and Orange GPRS mobile phone users. It will be introduced first in Mumbai after which there would be a phased introduction of the service in the different circles of Hutch's operations.

It makes available to stock market participants the complete suite of dealing desk trading functionalities on a mobile phone.

This has been made possible through an alliance with stock broking firms Kotak Securities and Sunidhi Consultancy Services, the first two broking operations to launch the facility, said the release.

Streaming quotes, instant execution capabilities and continuous access to the markets are assured to users on the move, said the release.

Users get connected through the Hutch GPRS handset and see market rates, enter/modify/cancel orders, view their positions and transactions through a fully secure channel, said the release.

``What screen based trading has done to ring-based trading in terms of volume growth and reach, i-Win will do the same to fixed-line dealing,'' said Mr Jignesh Shah, Managing Director and CEO, Financial Technologies.