NSE became the first exchange to grant approval to its members for providing Internet based trading services. In line with SEBI directives, NSE has issued circulars detailing the operational guidelines and procedures to be complied with by members desirous of providing Internet based trading and services in circular no. NSE/MSD/41332 dated June 17, 2019.
Members can procure the Internet trading software from software vendors who are empanelled with NSE or they may develop the software through their own in-house development team or may procure the software from other non-empanelled vendors.
Members can also avail of services provided by Application Service Providers (which may inter-alia include providing / maintaining software / hardware / other infrastructure etc.) for providing Internet based trading services subject to the Application Service Provider (ASP) being empanelled with the Exchange for providing such services. The Exchange has issued circular no. NSE/CMO/0028/2000 dated December 18, 2000 (Download No.NSE/CMT/2169) detailing the formalities / requirements for ASPs desirous of being empanelled with the Exchange for providing such services to trading members of NSE and circular no. NSE/MSD/41332 dated June 17, 2019 detailing the operational guidelines and procedures for members desirous of using ASPs for providing Internet based trading services.
Vendors desirous of being empanelled with the Exchange for providing Internet trading solutions to the trading members of the Exchange can refer to circular no.NSE/CMO/0029/2000 dated December 19, 2000 (Download No.NSE/CMT/2174) and circular no.NSE/CMO/0039/2001 dated December 14, 2001 (Download No.NSE/CMTR/3054) detailing the requirements and procedures to be complied with by vendors for empanelment.
Download List of vendors empanelled with NSE (zip)
Download List of ASP empanelled with NSE (zip)
The SEBI Committee on Internet Based Trading and Services in its meeting held on August 2, 2000 approved the minimum requirements for brokers offering securities trading through wireless medium on Wireless Application Protocol (WAP) platform.
SEBI-registered brokers who have been granted permission to provide Internet based trading services can introduce WAP trading after obtaining permission from respective stock exchanges. SEBI has stipulated the minimum conditions to be fulfilled by trading members to start Internet based trading and services, vide their circular no.SMDRP/POLICY/CIR-48/2000 dated October 11, 2000.
WAP trading at NSE
NSE became the first exchange to grant permission to its members for providing WAP trading services. NSE has granted permission to one of its trading members M/s.Gogia Capital Services Ltd. to provide securities trading through WAP. This is the first WAP enabled online stock trading facility in the country.
The WAP technology has been harnessed jointly by NSE.IT and Bharti Telesoft using Bharti Telesoft's WAP interface and NSE.IT's E-broking products NeatXS/ iXS, leading to convenience of live stock trading for people on the move.
Members desirous of providing trading services using WAP may please refer to circular no. NSE/CMO/0024/2000 dated November 24, 2000 (Download No.NSE/CMTR/2112).