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BSE - Fastrade on Web

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PCQ Bureau
New Update

The Problem: BSE aimed at extending the reach of stock trading in the markets beyond the large cities and into the main land. To enable this the Exchange launched a host of initiatives including BSE membership at Rs 10 lakhs only. It was imperative that these new members are not faced with hurdles like huge IT costs in starting their businesses.

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The Solution: BSE conceptualized a web based trading terminal(Fastrade on Web or FoW) available to members on SaaS framework. FoW enables members to offer services similar to any large brokerage house. All this is available to members at no server cost, no operational cost, reduced manpower cost, and zero audit cost. A key feature of this service is accessibility from all popular modes of connectivity--LAN, leased lines, VSATs, Internet, and even mobile. So essentially, it allows trading from anywhere.

The Result: The project has greatly benefited broker members by reducing their setup costs and time to start business by more than 90%.

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