Securities Trading using Wireless Technology

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.... by SEBI circular no. SMDRP/POLICY/CIR-06/2000 dated January 31, 2000 shall be eligible to provide securities trading using wireless technology. All relevant requirements applicable to internet based trading shall also be applicable to securities trading using wireless technology. 2. Securities Trading using Wireless technology shall include devices such as mobile phone, laptop with data card, ....

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.... failure of the wireless network, alternative means of communication for placing orders should be available. (e) Additional provisions specifying possible risks, responsibilities and liabilities associated with securities trading using wireless technology should be incorporated in the Broker- Client agreement as an addendum or by bringing to the notice of clients, who are desirous of avai....

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....ace standards should be as per prevalent industry standards and sound audit trails should be available for all transactions conducted using wireless devices. (j) The broker's server routing orders to the exchange trading system shall be located in India. (k) Stock exchanges shall arrange for periodic systems audits of broker systems to ensure that requirements specified in the ci....