India, New Delhi, October 26, 2005 - Nokia and Financial Technologies India Ltd. today announced a strategic tie-up to make available 'i-Win(tm), India's first integrated realtime wireless internet information and trading platform for Nokia phones running on Series 60 and 80 software platforms. The multi-exchange, multi-segment application developed by Financial Technologies allows investors to view quotes and transact realtime from their broking accounts securely while on the move.
Indian retail investors can now stay connected with the stock and commodity markets on a real time basis over GPRS. The wireless internet trading application, iWin(tm) will be commercially available from November 2005 through select stock and commodity brokerage houses across the country.
Sharing details of this announcement, Mr. Sanjeev Sharma, Managing Director, Nokia India, said, "This application marks another extension of our 'Work Goes Mobile' vision and is a reflection of our belief to partner with domain specialists like Financial Technologies to continuously enhance productivity on the move for the business user. We expect this application to greatly enhance the experience of the current base of more than a million online investors and bring the advantages of mobile trading to a significant proportion of the 65 million mobile subscribers in the country today."
Sharing details of the iWin(tm) mobile trading application, Mr.Jignesh Shah, Managing Director & Chief Executive Officer, Financial Technologies (India) Ltd. opined, "This announcement reinforces India's strong position in the global technology roadmap as one of the early adopters of wireless internet and mobile platforms for business applications. This application is part of the digital, retail initiative of Financial Technologies targeted at 100 million people who are involved in the stock and commodity ecosystem. FTIL and Nokia are leaders in their respective domains and mobile users as well as investors will reap the benefits of this platform through this tie-up."
The application is designed to equip the retail investor with critical decision-making information and tools to transact on the move. Using the GPRS connection, iWin enables users to see market rates, enter/modify/cancel orders through a secured encrypted channel using SSL to maintain the confidentiality of the transaction. The enhanced capabilities of live streaming quotes add to further empower business users in an ever- complex trading scenario.
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