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Retail broking house Reliance Securities launched its mobile application, Tick Pro for futures and options (F&O) traders.
The application scans over 25,000 contracts, 5,000 securities a second and identifies specific opportunities for covered call, covered put, and long straddle with highest implied volatility.
The app will also list stocks under various criteria, such as rising and falling volume, price trend, strong and weak options, among others. The app is available on Android and iOS operating systems.
B Gopkumar, CEO of Broking and Distribution Business, Reliance Capital, stressed the need to capture the options trading segment by making it more accessible to traders. He said, “Options volume in the last seven years has increased to 78 per cent this year from 27 per cent in 2008. We believe there is big demand for options trading through mobile and we intend to capitalise on this opportunity by offering Tick Pro.”
Robo-analytics technologyThe app also includes robo-analytics technology, which uses 20 live robots for analytics, to eliminate extensive Excel sheet computation currently done by traders. “At times, people do not understand trade and options very well. Our motive is to automate this process,” Gopkumar said. He estimated that the share of traders through mobiles will grow to ₹6,000 crore from ₹1,600 crore in the next couple of years, with 90 per cent of the volume share arising from the derivatives segment.
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