Share market, a stock market, commodity market, BSE, NSE, etc. are something from which most of us are aware of but do we know how technology has changed the complete look of this process. Now the new version of this platform are available at mobile and desktop versions also the technology has enhanced it by the call on trade facility. The online trading market platform is providing the traders at a very easy manner with just an input of details. Indian share trading has drastically changed since last decade as it replaces the old paper trading to a new online trading market. With the start of NSE in Nov 1992 e-trading has come in existence at a wider level. The concept to introduce e-trading has changed the complete picture of share market trading as it has included lots of essential features like:-
1. Real-time profit-loss calculation.
2. Current market value of the assets.
3. Live market SL and target punching option.
4. Comparatively lower brokerage.
5. One can have the ease of day trading.
6. Can avail the payout option.
7. Hassle free connectivity problems with broker
In the financial world; an electronic trading platform is also called as an online trading platform, which is one of the advanced computer software programs that is used to place orders for trade or financial products, which includes financial tools or products like stocks or share, bonds, currencies, commodities, and derivatives with the help of a mediator, such as brokers, market makers, advisors, Investment banks or stock exchanges. These software platforms allow you to perform electronic trading as a user’s from any location as compare to traditional trading methods along with the telephonic, texts, and email supports.
Online trading enables you to keep track on the live market per second which helps in taking right decision to punch trade. Electronic trading platforms provide you the live streaming market prices on which users or traders along with some additional trading tools is also provided, such as market data, charting packages, news feeds and Demat account management systems. There are some platforms which are specifically designed to allow individuals to gain profit, recommendations or simply an access to financial markets that is handled only by specialist trading in online trade firms.
IT has set a fabulous benchmark in the online trading platforms by simplifying the technical charts, patterns, indicators available on a mobile platform and has given the access to every trader trading on these online platforms. Now, a trader can also have access to the charts and its derivatives which were once only available at some books and old out-dated systems that too not easy to understand until you have a degree in the financial market.
Few recent advance developments from the IT sector has also changed the way of trading recommendations now one can find numbers of opportunities online to get the tips to trade. Lots of software’s and websites are available to provide the tips, and recommendations like advisories are too involved in this system which generates calls on the basis of their fundamentals and technical researchers. These tips are judged with some parameters how accurate they are as per the market risks because after all its fundamentals of the traders which will move the markets, not the technicalities.
Some online trading exchanges of the world are NSE (National stock exchange) & BSE (Bombay stock exchange) in INDIA, NIKKEI in JAPAN. NYSE and NASDAQ in U.S, HANG SENG in HONG KONG, LONDON STOCK EXCHANGE in U.K, SHANGHAI STOCK EXCHANGE in CHINA, SGXNIFTY in SINGAPORE etc. These exchanges are traded at the national level and only for the citizens of the particular country. SGXNIFTY which is a combination of SGX and Indian Nifty together placed with the mutual understanding between government of India and Singapore but this too is traded for Singapore citizen.