Share India Securities Ltd. Welcomes Change in Bank Nifty Futures & Options Expiry Day, Expects Positive Market Impact
New Delhi (India), June 10 – Share India Securities Ltd. (BSE: 540725, NSE: SHAREINDIA), one of India’s leading tech-driven financial service providers, has expressed its support for the recent change in the expiry day for Bank Nifty Futures & Options contracts. The expiry day has been shifted from Thursday to Friday, a move that Share India views as highly beneficial for market participants.
The company believes that this change will positively impact traders, retailers, and arbitrageurs, leading to enhanced market sentiment and increased participation. With the shift to Friday, participants will have the entire week to plan their strategies, as the Finnifty expires on Tuesday, Midcap Nifty on Wednesday, and Nifty on Thursday. Share India projects that this change could result in a 25% increase in turnover growth in the coming financial year.
Impact on Retail Investors and Algo Trading
Share India sees this change as a timely development, coinciding with the launch of its retail-focused Algo trading platform, uTrade Algos, in the last week of June. This move is expected to positively affect client turnover and boost the expectations of retail investors, who can benefit from the additional trading time available on Fridays.
uTrade Algos is an algorithmic trading platform designed to simplify the trading process for users. It enables users to plan, strategize, and automate their trades, while also offering pre-made algorithms for easy subscription. With uTrade Algos, Share India is making algorithmic trading more accessible to retail investors, and the company is committed to continuously enhancing its fintech offerings.
Share India’s Evolution into a Tech-Centric Financial Service Provider
In a short span, Share India Securities has transformed from a traditional stockbroker to a high-tech broking company specializing in derivative trading strategies. The company has focused on developing automated and algorithm-driven derivative strategies to improve client retention and streamline trading processes. Share India’s tech-driven approach includes latency-based high-tech trading platforms, and the company continues to expand its portfolio of trading strategies.
Share India Securities Ltd. is a leading tech-centric financial service provider that leverages artificial intelligence and algorithmic trading to offer customized capital market solutions to clients. The company holds approximately a 3% market share in the cash market, 3% in futures, and 8% in options based on turnover. Additionally, Share India, through its subsidiaries, operates in various sectors, including the NBFC business, insurance broking, merchant banking, portfolio management, and mutual fund distribution.
Company Overview
With over 27 years of experience, Share India Securities Ltd. (BSE: 540725, NSE: SHAREINDIA) is powered by a dedicated team of 1,500 employees. The company has a nationwide reach with over 729 branches across 18 major states in India.
Caution Regarding Forward-Looking Statements
Certain statements in this press release are forward-looking in nature. These statements are subject to various risks and uncertainties, including regulatory changes, local political or economic developments, and other factors that could cause actual results to differ from those anticipated. Past performance is not necessarily indicative of future results. Given these uncertainties, viewers are cautioned not to place undue reliance on forward-looking statements. The company is not responsible for actions taken based on these statements and undertakes no obligation to publicly update them based on subsequent events.
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Rajneesh Singh is a journalist at Asian News, specializing in entertainment, culture, international affairs, and financial technology. With a keen eye for the latest trends and developments, he delivers fresh, insightful perspectives to his audience. Rajneesh’s passion for storytelling and thorough reporting has established him as a trusted voice in the industry.
