Reliance Securities launches mobile app

Mumbai : Retail broking house Reliance Securities has launched its mobile application, Tick Pro, for futures and options traders. The application scans over 25,000 contracts, 5,000 securities per second and identifies specific opportunities for covered calls, covered put, long straddle with highest implied volatility. The app will also list stocks under various criteria like 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 from 27 per cent in 2008 to 78 per cent in 2016 of approximately Rs. 1.4 lakh crore daily volumes on NSE. We believe there is big demand for options trading through mobile and we intend to capitalise on this opportunity by offering TICK PRO.' The 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 added.

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