Share trading through DSE-mobile app continued to rise as the number of users of the application rose 62 per cent year-on-year in 2018.
The number of active users of the DSE mobile application increased to 39,343 as of December 27, the last trading day of the 2018. The number was 24,294, the last trading day of 2017.
During the year under review, about 15,049 new users of DSE mobile app added.
In 2018, the investors placed above 5.87 million orders through DSE mobile app.
Of the orders, nearly 3.73 million were executed, according to the prime bourse sources.
In 2017, the investors placed above 3.50 million orders through DSE mobile app and 2.20 million orders were executed, the DSE data shows.
The Dhaka Stock Exchange (DSE) on March 9, 2016 launched the mobile-based share trading app.
The application was developed by FlexTrade Systems, a global leader in broker-neutral trading platforms.
The app is available on Google Play Store and offers features to help users track the indices and get market and company information.
Investors, first need to be registered with the concerned broker, then install the app from the Google Play Store.
The app's features include market and trading statistics in real time, company information, portfolio information and company news.
In addition to buying and selling shares, the app provides some featured information, including buy or sell alerts, notifications and portfolio status to the investors, which are not easily available on the website or via brokers' services.
DSE officials said the prime bourse is trying to facilitate investors through best uses of technology as investors' interest to DSE mobile app is gaining momentum.
Market experts, however, said the number of users of the app was insignificant compared with the number of beneficiary owners' (BO) accounts.
According to the Central Depository Bangladesh Limited (CDBL), which preserves electronic data of all individual and institutional investors, the total number of active BO accounts is 2,778,796 as of Sunday.
The existing transaction system does not provide instant account related information without making any call to a traders, the DSE mobile app gave that comfort to investors.
Considering the fact, the bourse is optimistic that the application will be popular gradually, the DSE official said.
Android phone 4.4-version with four inches display and 320 pixel resolutions are the minimum requirements for using the DSE Mobile app.
The application allows users to place orders directly to the bourse's server but traders and brokers are allowed to interrupt if any unusual order is placed.
Recently, the DSE board has backtracked from its decision to charge Tk 150 per month for trading via its mobile app considering the present situation of the market as well as to reach more users first.
"This is not a suitable time to introduce the fee considering the market situation, so we decided to make a U-turn," said a DSE director.
