Reliance Securities, the broking and distribution unit of Anil Ambani’s Reliance Capital, plans to grow the number of its clients by five times over the next two to three years, helped by the use of technology.
The Reliance Group company on Monday (22 February) launched its new advanced trading platform named Tick, which integrates news, data, analytics for use by retail investors on a single platform. The trading system captures and processes vast amounts of data using advanced algorithms and brings it in a user-friendly manner to investors.
"Technology and connectivity are redefining businesses and driving change. There is a sharp focus on offering intelligent platforms that make it easy to transact," said B Gopkumar, CEO broking and distribution business at Reliance Capital. "This is the beginning of integrated intelligent trading platforms in India for retail investors."
Over the years, online trading, and trading on the mobile is increasing rapidly, with about half of all cash and F&O trades happening on platforms backed by technology. The number of sub-brokers as a result have almost halved to 45,351 as of fiscal 2015 from 83,808 in financial year ended March 2011. The overall market turnover has increased by a compounded average growth rate of 20 percent in the same period.
Yet, the presence of about 850 stock brokers and the rapid growth of securities houses have fragmented the market share of each player. Reliance Securities expects to use such platforms to leapfrog in its market share.
The company plans to tap retail investors across the spectrum from mass affluent to ultra High Net-worth Individuals. Tick provides more than 50 charts for every share, 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.
