CASE STUDY
ON
UTILITY OF SMS
IN
STOCK MARKET

 

STOCK MARKET SYSTEM

 

Current Market all thepeople required easily communicate with other people, and forward the message is fast and easily.

People also requires communication on a cheapest rate.

Quick Response to a request.

This all the Problems easily solving the Using

ØPitfalls Of Exsting System

1) Current System Is based on Telephone System.
2) Costly To Contact the people.
3) U need Telephone System So can’t access from Remote Places.
4) Multiple Users Can't get Information at a time.
5) User can't Remain Updated.

 

Figure for Current Working Of Stock and Share Market

 

Ø Definition Of SMS

Abbreviation for Short Message Service. This service is used for sending and receiving short messages of up to a maximum of 160 characters. The text can be typed in on the keyboard of any mobile phone.

ØIntegrating SMS with Stock Market System  Provides Following Advantages

1) Easily Contact to people.
2)Cheap way of communication.
3) Multiple user communication one at a time
4) Multiple Users Can't get Information at a time.
5) Quick Response to queries.

Figure for Integrated System Of Stock and Share Market

ØBulk Messaging Scenario

1) Some important information that's to be given to all can be sent thru bulk message.
2) Less complexity in responding to user's request.
3) User get satisfied as SMS service is quick, robust and reliable.
4) Can remain updated with information 24 X 7.
5) User can get Information even from a remote location

Figure: Working of Integrated System.( Bulk Messaging Scenario).

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