wordpress blog stats
Connect with us

Hi, what are you looking for?

Reliance Securities’ TICK Pro app for options trading uses bots for investment strategies

Reliance Securities, the brokerage and distribution arm of Reliance Capital, has launched TICK Pro for options trading which will use bots to to track markets in real-time to identify trends and choose an investment strategies.  An option is a financial derivative product which gives the buyer the right, but not the obligation, to buy or sell an underlying asset for a specific price and time. For example, an investor can buy an option which will allow him to buy 100 shares of a company for Rs 50. The investor thinks the share price of the company will not go up more than Rs 100. If the share price remains inside Rs 100, the investor can buy the 100 shares. If the share price goes above Rs 100, the investor loses Rs 50. To understand options trading better check Investopedia. TICK Pro says it scans over 25,000 contracts, 5,000 securities per second and identifies opportunities for options trading. The app includes scanners that gives trades a list of stocks under different criteria like rising and falling volume, price trend, abnormal volume shockers etc. The app currently tracks the Nifty, Bank Nifty and other indices for real-time updates on stocks. TICK Pro is available for Android and iOS version and can be downloaded at Play Store and Appstore. Apps used for trading and investments A number of brokerage firms have started using mobile apps for trading. IIFL says that nearly 30% of its clients are using its app to trade, as indicated by this…

Please subscribe/login to read the full story.
Written By

Free Reads

News

With GPS in every car, India's toll collection is going high-tech.

News

Google is currently undergoing the necessary procedures for the leasehold land, which is presently under the ownership of the Maharashtra Industrial Development Corporation.

News

The pilot project for which is being launched in 19 cities this year, with a plan to launch a full-fledged rollout next year.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ