RELIANCE SECURITIES LAUNCHES TICK PRO-INDIA'S FIRST MOBILE APP FOR OPTIONS TRADING
TICK PRO - INDIA’S FIRST
MOBILE APP FOR OPTIONS TRADING
TICK PRO OFFERS MULTIPLE
REAL-TIME SCANNERS, ROBO ANALYTICS, OPTION STRATEGIES AND
ADVANCED TECHNICAL CHARTING ON MOBILE
TICK PRO SCANS OVER 25000
CONTRACTS, 5000 SECURITIES PER SECOND TO IDENTIFY SPECIFIC
OPPORTUNITIES USING 20+ LIVE ROBOTS
TICK PRO GENERATES
OPPORTUNITIES FOR COVERED CALLS, COVERED PUT, LONG STRADDLE WITH
HIGHEST IMPLIED VOLATILITY
DAILY DERIVATIVES VOLUMES
ON MOBILE EXPECTED TO INCREASE FROM RS 1600 CRORETO RS
6000 CRORE IN NEXT FEW YEARS
TICK PRO AIMS TO TAKE A
SIGNIFICANT SHARE OF THE GROWING
DERIVATIVES TRADING ON MOBILE
by Shrutee K/DNS
Mumbai, 14th June, 2016:
Reliance Securities, the broking and distribution arm of Reliance Capital,
today launched India's first mobile-based options trading application - TICK
PRO.
The first-of-its kind
mobile application offers multiple real-time market data scanners to identify
market trends and help choose right option strategies using Robo-analytics and
advanced technical chartings.
"Options trading in
the Indian market has seen rapid growth in the last few years and accounts for
more than 78 per cent of the approximately Rs.1.4 lakh crore daily volume on
NSE. The share of Options volume in the last seven years has increased from 27
per cent in 2008 to 78 per cent today. We believe there is big demand for
options trading through mobile and we intend to capitalize on the this
opportunity by offering TICK PRO”, said Mr. B. Gopkumar, CEO Broking &
Distribution Business, Reliance Capital, while launching the app here .
TICK PRO, which uses 20
live robots for analytics, is the first mobile-based application in the country
to offer real-time market scanners and eliminates the tedious Excel sheet
computation currently done by traders. The application captures and processes
pre-defined market watch for Nifty, Bank Nifty and other indices with real-time
market updates with advanced technical charting support on the mobile.
The application scans
over 25,000 contracts, 5,000 securities per second and identifies specific
opportunities for covered calls, covered put, long straddle with highest
implied volatility. It allows traders take calculated decisions and helps them
to get options contracts filtered and listed under strategies like covered
call, covered put, long straddle with highest implied volatility.
“Going forward,
securities business will compete on the basis of technology rather than
commission. Disruptive technologies will be a game changer for retail
investors, who till date have avoided trading in the options market. With easy
to use analytics, powerful Robo-analytics, and complete ease of trading on the
mobile, traders and investors can grab the opportunity right on their screens,’
said Mr. Gopkumar
The broking industry has
been embracing Internet and mobility, which has resulted in close to 60 per
cent of the overall derivative volumes moving online. Today, approximately Rs.
60,000 crore of daily derivative volumes is transacted online of which Rs.
1,600 crore comes from mobile.
“The share of trades
through mobile will grow threefold – from the existing Rs 1,600 crore to Rs
6,000 crore - in the next couple of years, and more than 90 per cent of volume
share will still be from the derivatives segment. With the launch of TICK PRO,
we aim to capture a substantial part of this segment,” said Mr. Gopkumar.
The key feature of the
app include real time scanners that give traders list of stocks under different
criteria like Rising and Falling Volume,
Price trend, Strong and Weak options, High-Low breakers, Abnormal Volume
Shocker, Bearish strategies, IV scanners and Neutral strategies.
TICK PRO is available for
Android and iOS version and can be downloaded at Play Store and Appstore.
About Reliance Securities : Reliance Securities, the
broking and distribution arm of Reliance Capital is one of India’s leading
broking houses that provides a varied customer base with access to equities,
equity options, wealth management solutions and mutual funds.
“Reliance Money”, the
distribution business of Reliance Capital, is a comprehensive financial
services and solutions provider, providing customers with access to mutual
funds, insurance products and other financial products. Reliance Money is
amongst the leading domestic distributors of financial products with a
pan-India presence with over 170 branches.
Reliance Capital, a part
of the Reliance Group, is one of India’s leading private sector financial
services companies. It ranks amongst the top private sector financial services
and banking groups, in terms of net worth. The Company is a constituent of CNX
Nifty Junior and MSCI Global Small Cap Index.
www.rsec.co.in
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