Question:
Who can introduce the Wireless Application Protocol (WAP) based trading service?
Who can introduce the Wireless Application Protocol (WAP) based trading service?
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Only \textbf{SEBI registered members} with Exchange permission can offer WAP-based trading to ensure regulatory compliance.
Updated On: Jul 7, 2025
- Any trader
- SEBI registered members with the permission from the Exchange
- Independent financial advisors
- Any retail investor
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The Correct Option is B
Solution and Explanation
The Wireless Application Protocol (WAP) based trading service allows traders and investors to access stock exchange trading facilities via mobile or wireless devices. However, due to regulatory and security considerations, this service can only be introduced by:
SEBI registered members (i.e., brokers and trading members who are registered with the Securities and Exchange Board of India)
Who have obtained permission from the Exchange
This ensures that only authorized and regulated entities provide trading services over WAP, maintaining market integrity and protecting investors.
Explanation of Other Options:
(A) Any trader: Incorrect, as individual traders cannot introduce such services.
(C) Independent financial advisors: They can advise but cannot introduce WAP trading.
(D) Any retail investor: Retail investors can use but not introduce the service.
SEBI registered members (i.e., brokers and trading members who are registered with the Securities and Exchange Board of India)
Who have obtained permission from the Exchange
This ensures that only authorized and regulated entities provide trading services over WAP, maintaining market integrity and protecting investors.
Explanation of Other Options:
(A) Any trader: Incorrect, as individual traders cannot introduce such services.
(C) Independent financial advisors: They can advise but cannot introduce WAP trading.
(D) Any retail investor: Retail investors can use but not introduce the service.
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