TD Waterhouse Securities is set to launch its share dealing service via mobile phones later this mon...
TD Waterhouse Securities is set to launch its share dealing service via mobile phones later this month.
The group has been offering share price information and news through a hookup with BT Cellnet's portal, known as Genie, since March but will now allow customers to transact using wireless application protocol (WAP) mobile phones. Current users of the system will need to register a user name and password for the phone service, although it can be the same as the one they use to log onto the group's internet service, according to Philip Ireland, managing director UK for TD Waterhouse.
He said: "There is a limited number of people using WAP and it may be a little gimmicky at the moment but we see this as a fast growing market. People are changing their phones rapidly and so the market will expand. It is about options and giving people the choice of how they wish to transact their business."
First-e, the online bank, is also planning to launch a mobile phone banking service later this summer, Halifax has announced its version will be launched in July while Woolwich has already brought out its service.
Interactive Investor International launched a WAP service providing share information and graphing abilities via the phone. The group is currently registering approximately 1,000 hits to its mobile service a week, compared to the millions of impressions its website receives a month. At the moment it is looking simply to provide share price information, although it hopes to add trading capability later this month.