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Reliance Securities Launches New Trading Platform Tick

The platform - Tick - captures and processes vast amount of data available in the public domain using advanced algorithms and presents the intelligence gathered in a user-friendly and easy to understand visual format

Photo Credit : Subhabrata Das

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B. Gopkumar, CEO Broking & Distribution Business, Reliance Capital

Reliance Securities, the broking and distribution arm of Reliance Capital, on Tuesday launched a web-based stock trading platform that uses big-data analytics and offers robo-insights to retail investors in the country.

The platform - Tick - captures and processes vast amount of data available in the public domain using advanced algorithms and presents the intelligence gathered in a user-friendly and easy to understand visual format.

The platform offers over 50 charts for every scrip, from price movement to sentiment change; from open positions and multiple broker recommendations, to help form an overall view on each company and trade with a single click.

The brokerage, which would also be opening 13 more branches by March, this year, also said it is entering the value-based broking and investing segment with the launch of its new platform and would target a substantial share of this space in the next three years.

"We see a huge opportunity in value-based broking segment in the country," Reliance Capital CEO (Broking & Distribution Business) B Gopkumar told reporters here.

"Currently, the investors have to choose from a full-fledged broking model or a discount model. There is a substantial part of investors who fall into the value-based investing category. We will target a substantial share of this space in next three years," he added.

On the new platform, Gopkumar said "the retail investor still finds it difficult to invest in the markets".

"Tick is the beginning of integrated intelligent trading platforms in India for retail investors," Gopkumar added.

Tick scans, integrates and presents real time data analysis in a single dashboard that helps in finding real time market opportunity at a glance for investor.

"A lot of these are not available in an integrated manner in most trading platforms," Gopkumar said.

With news playing an important role in forming a sentiment towards any company, Tick aggregates news from multiple sources and assigns real time sentiment score to each scrip thus providing an investor with the pulse of the market.

On plans to launch more branches, Gopkumar said "in total we will have 65 branches by March from the current 53 branches".

(PTI)