The Hindu Business Line : Live Market Watch seeks tie-up with BSE

Live Market Watch Solutions, which seeks to distribute stock market data on mobile phones, plans to tie up with the Bombay Stock Exchange as well as the two major commodity exchanges.

The company, which currently brings NSE feed to subscribers' mobile phones, is in talks with the bourses and with stock broking outfits.

Live Market Watch intends to introduce feed from BSE, MCX and NCDX in future, according to Mr Brijesh Patel, Partner, who added that the company plans to enter into arrangements with leading brokers, especially those with national presence.

The service, which allows a user to create his watchlist of stocks and monitor the last traded prices, will furnish the relevant data through GPRS. Therefore the user should have a GPRS connection in his mobile phone. There are currently over one crore GPRS subscriptions in the country, it is estimated.

"For brokers, it makes sense to spread the concept of capturing stock market data on mobiles," Mr Patel told newspersons here on Thursday. This would result in greater efficiency, as customers need not make a phone call for queries, he added.

Users can track intra-day graphs of any of the NSE's indices. Price alerts can be set and the watchlist can be modified.

Payments can be made through the mobile in addition to Web-based payments.

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