WAP is a standard to allow cellular phones, pagers and other handheld devices to access email and text-based Web pages.
Currently, customers of M1 and Phillip Securities can trade, check their order status, make account enquiries and be alerted--via their mobile phones--when a specific share hits a certain price using the Poems Mobile Trading Service, said M1 in a statement today.
(Poems stands for Phillip's Online Electronic Mart System).
Only users of Ericsson T28s, Motorola V3688 or Nokia 6150 mobile phones can access this service. They must pay S$10 for registration, a monthly subscription of S$3 and S$0.10 per trade-related transaction. However, these users cannot surf the Web for information.
The same service will be made available in a WAP environment where users simply access M1's information and services portal, Mi World, using WAP-based mobile phones such as Nokia 7110. Then, users have to pay a flat S$20 for registration, a monthly subscription of S$15 and S$0.10 per minute usage.
When contacted, M1's spokesperson Chua Swee Kiat said: "We expect to rollout commercial services as soon as possible...by April or May."
Other WAP-based services in the pipeline include auctions, stock alerts, indices, charting and watch-lists.
"M1's vision of a wireless e-world is underpinned by the forging of strategic alliances with content providers who are leaders in their respective fields. We have such a partner in Phillip Securities," said Neil Montefiore, M1 chief executive officer.
"Currently, M1 customers can see prices on unit trusts using M1's WAP phones while Phillip Securities customers can access their outstanding positions. M1 and Phillip Securities customers can look forward to an exciting array of WAP services," said Phillip Securities chairman Lim Hua Min.
M1 is a consortium comprising the Keppel Group (35 percent), Singapore Press Holdings (35 percent), Cable & Wireless (15 percent) and Cable & Wireless HKT (15 percent), which is now called Pacific Century CyberWorks-HKT.
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