How small investors turn derivatives tradingICICIdirect has launched a platform that makes quick transactions easy and convenient.
ICICIdirect has launched ‘Flash Trade’ which helps derivatives traders visualize their entire trade on charts and enables them to trade with a single click using ‘up’ and ‘down’ action buttons. The brokerage firm says traders can set time-based exit rules to minimize losses and book profits.
Flash Trade aims to provide one-screen trading by providing all functions such as orders, positions, charts, profit and loss on one screen.
“With a large number of newcomers entering the market daily, we see a growing need to provide advice and a risk environment to these investors. To this end, we invest significantly in IT, analytics, user interface (UI) and user experience (UX), and customer behavior to simplify and enrich the overall experience. Flash Trade is a result of this initiative and more such innovative products are planned to be launched in the future,” said Vishal Gulechha, Head of Retail Equity, ICICI Securities.
In fact, amid rising retail F&O traders in the market raising concerns about speculation in derivatives markets, SEBI chief Madhabi Puri Buch said retail investors have every right to trade as they wish.
“You don’t want to restrict investors in F&O trading because people are free and have the right to access every asset class,” Buch said recently while speaking at FICCI’s “Annual Capital Markets Conference”.
The launch of the platform comes at a time when the number of demat accounts is also growing rapidly in the country. The highest number of investors in the market (2.31 million) are from Maharashtra, mainly because of Mumbai, the financial capital of the state. Next in line is Gujarat, a state with enthusiastic investors who contributed 1.18 billion crowns to demat accounts.
Sensex down 1.2%, Nifty50 briefly below 17,000 – Analysts expect steeper decline if global weakness persists
Harsha Engineers is listing at a 36% premium amid volatile market conditions