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Reliance Money launches mobile trading in equities, commodities

Published: Tuesday, Feb 24, 2009, 14:45 IST
Place: Mumbai | Agency: PTI

Anil Ambani group company, Reliance Money, on Tuesday introduced mobile trading in both equities and commodities across all mobile platforms independent of device and operators.

The company unveiled its mobile trading platform, the first of its kind by any Indian company, which would offer equities and commodity trading services to its investors
across all telecom operators.

With this initiative, the company will now be tapping approximately 347-million telecom users based in India.

"Any Reliance Money customer who has an Internet access through GPRS or CDMA-enabled mobile phone can log in to the Reliance Money website using his or her existing user ID, security token number and trade in equities and commodities," Reliance Money director and CEO, Sudip Bandhopadhyay, told reporters here.

Volantis, Wipro and Religare Technova are the technology partners, he added.

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