The Dhaka Stock Exchange (DSE) has decided to introduce a mobile app usage monthly fee of Tk 150 per user from January 1, 2019.
“DSE TREC (Trading Right Entitlement Certificate) holders are requested to take necessary approval of monthly fee from their clients to provide DSE-Mobile app service,” said a DSE statement posted on its website on Sunday.
The prime bourse on March 9, 2016 launched the mobile-based share trading app and the usage of the app has been free since the introduction.
The app is available on Google Play Store and offers features to help users track the indices and get market and company information.
The app’s features include market and trading statistics in real time, company information, portfolio information, and company news.
The number of active users of the DSE-Mobile application is now around 40,000 while it was around 23,863 on January 1 last.
According to DSE, the investors, using the DSE-Mobile app, placed over 4.20 million orders in the fiscal year (FY) 2017-18. Of those, over 2.70 million orders were executed.
An executive of DSE said, the prime bourse is trying to facilitate investors through the best uses of technology as investors’ interest to DSE-Mobile app continues to gain momentum.
Market experts, however, said the number of users of the app is insignificant compared with the number of beneficiary owners’ 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 2,775,674 as of Sunday.
The DSE official said the existing transaction system does not provide any instant account-related information without making any call to a traders but the app gave that comfort to investors.
Considering the fact, the bourse is optimistic that the application will be popular gradually, he 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 app allows users to place orders directly to the bourse’s server, and traders and brokers to interrupt if any unusual order is placed.
