Online Trading Comes Of Age In India

Business Standard: Online trading is gaining momentum with trading volumes growing by 150 per cent per annum. Over the past two years, the value of all trades executed through the Internet on the National Stock Exchange has grown from less than Rs 100 crore in June 2003 to over Rs 700 crore in July 2005.
There has been a massive rise in the number of Internet traders. At the end of July 2005, there were 108 registered brokers on the NSE, and about 1.054 million Internet trading subscribers. However, the top three players, ICICIdirect.com, Indiabulls and Kotak Securities, command nearly 85 per cent of the total customer base.
ICICIdirect.com, the largest trading portal, has over 675,000 customers, followed by Indiabulls, Sharekhan and Kotakstreet.

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