Geojit Comtrade launches Commodity trading on mobile platform


Kochi: Geojit Comtrade, the leading Kochi based broking firm, has launched ‘Flip Me’, the country’s first mobile trading platform in the commodities market. Geojit is the first commodities broking house to receive permission from the National Multi Commodity Exchange (NMCE) and the National Commodities & Derivatives Exchange (NCDEX) to start mobile trading.

Union Minister of State for Consumer Affairs, Food & Public Distribution, Prof K V Thomas, inaugurated the mobile trading platform today at a function in Kochi. The application has been developed by Geojit Technologies. Customers can execute orders with the commodity exchange, assess the market depth, position with the ledger balance, and do a host of other activities using this application.

C J George, MD, Geojit BNP Paribas Financial Services said, “With increasing use of mobile phones, Geojit was seeing greater potential for commodity trading using this platform. India being a major producer, consumer and trader of a large number of commodities, the trends in the domestic economy has been guiding the prices of these commodities across global markets.”

C P Krishnan, Director, Geojit Comtrade said, “The launch of the mobile trading platform adds to the existing range of offerings to our customers, giving them a new channel of delivery.”

A Balakrishnan, MD, Geojit Technologies said, “The Flip Me application has been designed in a way that the service will be accessible on a large variety of handsets ranging from simple Java enabled mobiles to advanced smart phones.”

Geojit Comtrade offers trading services in Commodities Futures and is managed by a group of professionals having considerable years of experience and expertise in Commodities, ever since the reintroduction of Commodities Futures in India in 2003.

Kerala IT News


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