ICICI webtrade and Sharekhan are the major players in this business in India. The former is more popular among customers because it combines bank account, demat account and stock trading accounts. Unlike other organizations ICICI services are integrated.
There are several leading companies involved in online stock trading in India.
AnandRathi provides financial services like investment banking, equity and commodity broking, wealth management advisory services and insurance products. The Site provides online share trading opportunity for registered members.
Geojit securities: Features market news, articles, commissions, mutual funds, IPOs online.
Indiabulls.com: They offer real time online trading, news, market statistics, tax calculator and more.
Reliqare: They provide online share trading facilities and other integrated financial services.
Sharekhan.com: they provide company profiles, market commentary, investment ideas along with online trading.
India Infoline.com Securities limited is a member of the National Stock exchange promotes a scheme called 5Paisa.com which brings to the clients fast, safe, reliable and cheap e-broking.
IDBI Paisabuilder is an online share trading portal in India which is very informative for both the investor and trader.
JV Financial, a part of JV Capital Services, is one of the most professionally managed brokerages is into online Indian stock trading.
It is important to remember that SEBI has laid the foundation of Internet based trading in India. SEBI has set up 2 working groups to supervise the whole procedure. Technology, connectivity, security, surveillance and monitoring are the chief issues of the groups. The first group headed by DB Phatak of IIT Mumbai will look into the standardization of interface and security protocol for Internet trading . The second group headed by LK Singhvi of SEBI will look into surveillance and monitoring related issues of Internet trading. The committee has unanimously maintained that Internet trading must be issued at its earliest in India because its fast catching up, as an international phenomenon. The Stock Holding Corp of India, India's largest depository participant has recently introduced an automatic kiosk through which operations are carried out through a touch screen. India is thus fast making progress in the field of online stock trading.
