ONLINE STOCK TRADING GETS MOMENTUM IN YOUNGSTERS

 Online share trading has seen a sharp rise of over 72 per cent in the last two years among young investors who use the platform as a source of additional income with easy availability of gadgets, use of technology and access to analyst information, an Assocham survey said. In its survey conducted under the aegis of its Social Development Foundation in January-February on 'Boom time for online share trading: Online trade is a fast growing biz', Assocham today said online share trade industry is growing by 150 per cent year-on-year and the value of all trades executed through Internet has grown more than ten-times in two years. "Online share trading has become a major fascination by large number of young energetic and intelligent population mostly professionals or unprofessional and employed or unemployed," said Assocham Secretary General D S Rawat. Delhi ranks first in online share trading followed by Mumbai, Bangalore, Chandigarh, Kolkata, Ahmedabad and Dehradun. According to majority of the respondents, "Stock trading is the new age thrive, every youngster is looking towards improving the income levels. Online trading is the most profitable business, which just requires knowledge of the trading concept." Majority of the respondents doing Internet trading belong to the age group of 18-23 years followed by (24-29 years). Similarly, there were people in 30-35 age group. On the other hand, only 8 per cent were each from the age group of 36-41 years and above 42 years, the survey said. Out of 2,500 respondents, 62 per cent were male, while 38 per cent were female. Nearly, 32 per cent people were doing job in private organisations, while only 16 per cent were having their own business. On the other hand, 20 per cent people were government employees and only 12 per cent were professionals. Over 56 per cent were unmarried and 44 per cent married. According to the survey, majority of young investors (64 per cent) like to trade in futures and options segment. "The emerging scenario makes it necessary for broking companies to identify investor's perception of level service quality, which strongly influence their behavioural intentions. "This would facilitate the process of categorising, determining and measuring, controlling and thereby improving the investor interest in online trading," Rawat added.