Download ‘Mero Share’ app to trade shares from Mobile

CDS & Clearing Limited (CDSC) has launched ‘Mero Share’ app to facilitate share transactions. The app, which has now been uploaded to the Google Play Store for testing, will soon be available for iOS. Now you can use Meroshare app to trade shares from Mobile device.

According to the CDAC, there are services available in the web version of Mero Share, apart from the features available within ‘My Aswa’. Under this, the current investors will get facilities like share details, market value portfolio, IPO, FPO and rights share application, weighted average cost calculation, EDIS.

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The company said in a statement that the app is designed to make Mero Share software simpler, more user-friendly and easier.

It is said that the problem seen in the recent share application will also be solved. It has also been requested to be safe from unauthorized apps by informing that no app has been made by the limited company before.

How to do trade share online?

In order to trade shares online, the investor will have to go to the broker and get the KYC updated first. Investors will not be able to engage in online trading until the KYC is updated. Those who have chosen an online account will be able to apply online.

The broker company will then verify the KYC and include it in the TMS (Trade Management System) and the investor will receive a ‘Trading URL Address’ from the broker company.

Open the URL and click on ‘Forgot Password’ and enter your username and email in that window. A link to change the password will then be available in the email. You will need to go to the link in the email and change the password.

Click here to download ‘Mero Share’ app.

Now you can go to the trading URL and login to the system by using your username and password. Investors will be able to receive OTP (One Time Password) by email during login. You have to put the ‘OTP’ on the screen and login.

To post an order, go to Order Management on the left side and click on Normal Order. Then the order entry screen will open. The buyer chooses ‘Buy’ and the seller chooses ‘Sell’.

Select ‘Equity’ in the share type. Now select the company and you can see the orders entered by that company. Put the number of shares and the desired price on the same order page and click ‘Place Order’. If the message ‘ME not logged’ appears after that click, contact the broker and ask them to login with your DNA.

Otherwise the message with the order place will appear on the screen. After placing the order, you can see it on the same screen. If the order matches, the transaction will be completed, otherwise it will be canceled at the end of the day.

To change or cancel an order in the meantime, go to Order Management, go to Order Book and click on Open Order. Click on the ‘Modify’ sign of your order to change the number or price you want to buy and click on the place order or cancel if you want to cancel by clicking on the cancel sign.