TCS BaNCS Securities Trading went operational with its mobile trading application with a leading financial services provider in November 2010. With this implementation, TCS BaNCS becomes one of the first IT solution providers to deploy its mobile trading solution in India.
Launched in international markets last year, TCS BaNCS Mobile Trading is a J2ME application supported on more than 220 mobile phone models, including the most popular iPhone, Blackberry, Nokia, Samsung, Windows PDA and Palm PDA.
Given the huge penetration of mobiles vis-a-vis the internet in India, brokerages are betting on mobile trading to be a huge revenue driver.
Bharat Shah, global product head, TCS BaNCS Securities Trading, said, “The availability of mobile devices with powerful processors, abundant memory and large screens such as smart phones has spurred exponential growth in mobile applications. The mobile trading platform is a step by TCS BaNCS to meet the requirements of the Gen-Y investors.” [source]