F&O segment – TOH https://thetimesofhindustan.com Thu, 11 Apr 2024 12:04:52 +0000 en-US hourly 1 https://wordpress.org/?v=6.7 https://thetimesofhindustan.com/wp-content/uploads/2023/10/cropped-android-chrome-512x512-1-32x32.png F&O segment – TOH https://thetimesofhindustan.com 32 32 PhonePe Expands Share.Market with New Futures & Options Segment, Emphasizing Enhanced Analytics https://thetimesofhindustan.com/phonepe-expands-share-market-with-new-futures-options-segment-emphasizing-enhanced-analytics/ https://thetimesofhindustan.com/phonepe-expands-share-market-with-new-futures-options-segment-emphasizing-enhanced-analytics/#respond Thu, 11 Apr 2024 12:04:50 +0000 https://thetimesofhindustan.com/?p=2854 New Delhi: Share.Market, a product by PhonePe, has recently introduced its Futures and Options (F&O) segment, representing a significant step forward in the platform’s commitment to equipping traders with robust tools and resources for an enriched trading experience, emphasizing advanced analytics.

Within just seven months of its inception, Share.Market has amassed a user base exceeding 1.55 million lifetime customers, conducting over 1.4 million monthly active Mutual Fund (MF) SIP transactions. Moreover, the platform has enabled access to advanced analytics for over 75,000 daily engaged users, with 150,000 demat accounts established.

The inclusion of Futures and Options capabilities within Share.Market expands the platform’s offerings, incorporating comprehensive Option chain analysis to monitor Options contracts across various Indices and Stocks. These derivatives are pivotal in the journey of investors and traders, enabling effective risk management, position hedging, and portfolio optimization to enhance overall returns. The platform aims to further enhance its intelligence offerings by introducing trader-centric data points related to Greeks and strategy development, emphasizing effective money management.

Key features of the F&O offering on Share.Market include:

  1. Streamlined Trading Interface: User-friendly interface for efficient F&O trading with enhanced risk management tools.
  2. Advanced Intelligence: Updated Option Chain with Max Pain, Put Call Ratio (PCR), and intuitive visualization of Open Interest (OI) changes. More features like hedging tools and strategy management are forthcoming.
  3. Margin Trading with Pledging: Seasoned traders can leverage existing holdings for collateral margin.
  4. Educational Resources: Access to tutorials, webinars, and educational materials to deepen understanding of F&O trading strategies.

The launch of the F&O feature underscores Share.Market’s commitment to innovation and customer-centricity. By continually enriching its platform with new features and capabilities, Share.Market stays ahead of industry trends, catering to the evolving demands of investors and traders.

Share.Market, launched at the end of August 2023, redefines discount broking by providing market intelligence, quantitative research-based WealthBaskets, a scalable technology infrastructure, and an exceptional customer experience for both investors and traders. It offers a diverse range of investment products including intraday and delivery stocks, Exchange-Traded Funds (ETFs), Mutual Funds, and WealthBaskets, empowering investors from various demographics to build diverse and well-balanced portfolios.

Talking about the launch of F&O, Ujjwal Jain, CEO, Share.Market said, “As Investors and Traders empower themselves to Invest and Trade better, Share.Market has been able to take the ambitious steps to elevate Discount Broking powered by Intelligence.” He further added, “With the launch of Futures and Options trading to our platform, we are further expanding our suite of offerings. This addition will further strengthen our efforts to empower investors and traders with the tools and resources they need to navigate today’s dynamic financial markets.”

]]>
https://thetimesofhindustan.com/phonepe-expands-share-market-with-new-futures-options-segment-emphasizing-enhanced-analytics/feed/ 0