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Online Trading
By Muhammad Sohail, Sat Dec 10th
ONLINE TRADING What is trading? Trading is the process of selling and buying for profit. Forprofit any commodity is bought at a lower process and sold at ahigher prices. And this sort of trading is done by stock of anycountry/city. It is all about share trading where any company orindividual person try to make its bussiness strong and wide.Share trading is considered one of the most successful tradingand nowadays it has become more simple, fast and secure tradingafter converting the offline trading into online trading.
What is Online trading? Online trading is the trading securities done via the internet.It is firstly introduced in Pakistan by a Software house"APPLICATION ACCESS PRIVATE LIMITED" and it is made possible bymaking the memmber AKD (AQEEL KARIM DADDY). It is introduced inNOV 20002. its innaugration was held on 1st NOV 2002 on SHERATONhotel. It was presided by "SHAUKAT AZIZ". It is done via internet means that all the transaction aresettled electronically. The settlement time is T+O, which meansthat any sale or purchase is settled on the trade data itself. How online trading is procced? For doing online trading, one has to be the member first and forbecoming the member he has to connect the website because itonline trading and then he can download the registration formand if he wants some help and information so he could contact bythe helpline no. Afterwards his duty is only to connect thewebsite and start trading and all of the trading means profitand loss is infront of him. Before applying the online trading it was very difficult becausethe
member had to go to the share market for trading whichconsumed a lot of time and there was another thing that thereshould have had one person for trading between the member andits share but not now. How online trading website works? Besides the website there is one BACK OFFICE SOFTWARE whichchecks all of the information of the member, checks thetranscition and proceses the requriments of member and these allthings are done on the server side ands shows that the membereither receive profit or gain accordint to the market position. Advantages: Its first and main advantage whish is shown clearly that beforeonline trading the member had to go the share market forchecking which consumed a lot of time but after applying onlinetrading all of the members information and his share informationis just far away one click and it has made trading much simple,easy and attractive. attractive in this sense that beforepeoples scared for share trading because they didnot feel securethemslves but you know that online trading is much securebecause all of the trading is done at your home PC. Due to all of these advantages it is clear that the trading inpakistan is spreading like fire due to all of its advantages. Future: Future of online trading is seen by that many companies whichwas the most successful companies in offline trading but theyare totally converting their tradiing into online in which LIVE SECURITIES FAWAD YOUSUF KASB(KHADIM ALI SHAH BUKHARI) There are also many companies which are upcoming in which ARIF HABIB CLICK TRADE ECL(EASTREN COMPANY LIMITED) WRITTEN BY: MUHAMMAD SOHAIL BSSE 2nd SEMESTER (KU) 0300-2664212 About the author:student of KU BS SND SEMESTER
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