CAI president Atul Ganatra said that, the app, developed by a team of Mayank Sakseriy and Tanay Mirani, will help traders and cotton stakeholders to calculate ginning costs and parity and get MSP predictions. The app will also have personal trade book, apart from calculators and currency converters, which will allow user to record own trades and save it in the app. Critical information such as trade summary, long/short position and average prices will be accessible at the finger tip.
He added that, "All the user information is not stored in the server but it is only stored on user's phone. So no one can see the data. At present the app will be available on Android version. We have allocated a good budget to develop the App further and also launch an iOs version in future.â€
Ganatra also explained about the upcoming International Cotton Conference to be held for the first time in India in the month of March. "We organised two successful domestic conferences last year and now we are hosting International Conference from March 6 to 8 at hotel Trident, Mumbai," he said adding that already top 10 speakers from around the world have confirmed their participation.
Cotton trade body, Cotton Association of India (CAI) is preparing to introduce a devoted mobile app for cotton stakeholders for circulation of swift and reliable information on arrivals, price and cotton trade. Announcing the app, CAI president Atul Ganatra communicated that the app 'CAI Trader Mobile App' will have three main components and will be launched within a short time.
The app will also provide live data on currency - USD/INR and price quotes from ICE, besides providing fresh market data from Bombay Stock Exchange (BSE). Secondly, CAI is also attempting to publish spot prices and daily arrivals data on NCDEX Kapas and Khal rates live through this mobile app. Ganatra addressing a CAI Membersâ€™ Annual Gala Dinner in Mumbai said that, "This means, if you open this app, you will have Indian as well as international market idea within 30 seconds.â€
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