A study of mobile technologies for stock trading application in Hong Kong

Pao Yue-kong Library Electronic Theses Database

A study of mobile technologies for stock trading application in Hong Kong

 

Author: Lam, Hon-tak Francis
Title: A study of mobile technologies for stock trading application in Hong Kong
Degree: M.Sc.
Year: 2008
Subject: Hong Kong Polytechnic University -- Dissertations.
Mobile communication systems -- China -- Hong Kong.
Stock exchanges -- China -- Hong Kong.
Department: Dept. of Computing
Pages: viii, 110 leaves : ill. (some col.) ; 30 cm.
Language: English
InnoPac Record: http://library.polyu.edu.hk/record=b2178309
URI: http://theses.lib.polyu.edu.hk/handle/200/3014
Abstract: By the adoption of the 3.5G mobile broadband Internet service to the Hong Kong market plus the introduction of the WiMAX (could be classified as 4G) mobile broadband Internet service and the enhancement on the mobile devices, more applications can be run on a mobile device with excellent performance. Real-time information does require a stable and high speed connection to make data up-to-date, such as the hourly chart drawing. The "Always Online" concept of the mobile broadband Internet service is definite a good match in the stock trading area. The ratio of online stock trader climbed from 7% in 2000 to 31.8% in 2005, representing approx. 5% increase per year [16]. There still has room to increase the ratio of online stock traders. However, there are certain risks on deploying wireless solutions. The security of data transmission is a major concern for the end-user. Anyhow, the mobile technology for stock trading is an opportunity despite the potential risks. The objective of the study include: - To study the network infrastructure of wireless transaction and the applications/services that supports the stock trading activities in a mobile device - To identify the benefits of mobile stock trading to users and providers - To propose applications and services which act as an enhancement to drive the usage Researches include mobile technology platforms, stock trading applications, questionnaire survey, mobile phone network operators' observation and securities firms' observation which covered the fundamental mobile technology to the current market situation. Taiwan and Singapore are included in the study to serve as a comparison to Hong Kong situation. According to the findings in the researches, recommendations are made to arise the interest of using mobile device as the trading platform, such as: - The securities trading process can be validated by the device's SIM card and proves the identity - The mobile phone manufacturers, mobile network operators and application developers should work together and try to accomplish an industry standard mobile platform to eliminate the divergence of application development environment. - A fast trading area can be included in the main page by providing the required fields for order in the mobile stock trading application to eliminate the need of redirection to the stock trading page. - Securities firms should work with technology partners to offer the similar features for mobile device same as in the online web mode, such as real-time quote and real-time chart. - Securities firms should offer incentive for investors to trade electronically. - It is good to provide personalized service to arise the interest of using the mobile device as the trading platform. - Mobile Phone Operators should consider lowering the unlimited usage price or offering a flexible pricing structure to users.

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