{"id":20875,"date":"2023-06-10T09:03:08","date_gmt":"2023-06-10T09:03:08","guid":{"rendered":"https:\/\/dailynewsindia.co.in\/index.php\/2023\/06\/10\/expiry-change-from-thursday-to-friday-will-see-turnover-growth-of-25-in-the-next-year-share-india-securities-ltd\/"},"modified":"2023-06-10T09:03:08","modified_gmt":"2023-06-10T09:03:08","slug":"expiry-change-from-thursday-to-friday-will-see-turnover-growth-of-25-in-the-next-year-share-india-securities-ltd","status":"publish","type":"post","link":"https:\/\/dailynewsindia.co.in\/index.php\/2023\/06\/10\/expiry-change-from-thursday-to-friday-will-see-turnover-growth-of-25-in-the-next-year-share-india-securities-ltd\/","title":{"rendered":"\u201cExpiry Change from Thursday to Friday will see turnover growth of 25% in the next year\u201d: Share India Securities Ltd"},"content":{"rendered":"
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New Delhi (India), June 10<\/strong>:\u00a0Share India Securities Ltd.\u00a0(BSE: 540725, NSE: SHAREINDIA)\u00a0is one of India\u2019s leading tech-based financial service providers. Speaking about the change in \u201cBank Nifty Futures & Options contracts\u201d expiry to Friday\u00a0from Thursday, the company said, \u201cIt will be a positive move for the Market participants. This will benefit traders, retailers and arbitrageurs. This will positively enhance market sentiments and increase participation. The turnover and participation will see an increase, especially on Friday. An instrument expiry on Friday will now give participants a whole week as\u00a0the Finnifty expires on Tuesday, Midcap nifty expires on Wednesday, and Nifty expires on Thursday currently.\u00a0As per our view\/observation, the turnover growth of the market is expected to increase by 25% in the next financial year.\u201d<\/p>\n

Share India views this as a positive move as it launches its algo product for retail investors in the last week of June. This change will positively impact client turnover and the expectations of retail clients.<\/p>\n

The company is focusing on its retail Algo trading platform \u2013 \u201cuTrade Algos\u201d. uTrade Algos is an Algorithmic Trading Platform that lets users Plan, Strategize, and Automate trades as well as subscribe to Pre-made Algos. The company is making algos easier and more accessible for everyone. Share India believes in high-quality fintech and has focused on developing technology.<\/p>\n

Within a short span, the company has grown from a traditional stockbroker to a hi-tech broking company specializing in derivative trading strategies and growing from strength to strength. The company is using a tech-driven trading platform for automated\/algo-driven derivative strategies to improve client retention. It is continuously innovating latency-based high-tech trading platforms and expanding its bouquets of trading strategies.<\/p>\n

Share India Securities Limited\u00a0(BSE: 540725, NSE: SHAREINDIA)\u00a0is one of India\u2019s leading tech-centric financial service providers. The company Leverages the artificial intelligence and algorithmic trading and offers customized capital market solutions to its clients. SISL has a ~3% market share in the cash market, ~3% market share in futures and ~8% market share in options on the basis of turnover. SISL, via its subsidiaries, is also present in the NBFC business, insurance broking, merchant banking, portfolio management and mutual funds distribution. SISL is powered by 1,500 employees, has been in operation for the last 27 years & has a nationwide reach with its 729+ AP\/branches present across 18 major States of India.<\/p>\n

Caution Concerning Forward-Looking Statements:<\/p>\n

Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like regulatory changes, local political or economic developments, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward-looking statements. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other risk factors, viewers are cautioned not to place undue reliance on these forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.<\/p>\n

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

New Delhi (India), June 10:\u00a0Share India Securities Ltd.\u00a0(BSE: 540725, NSE: SHAREINDIA)\u00a0is one of India\u2019s leading tech-based financial service providers. Speaking about the change in \u201cBank Nifty Futures & Options contracts\u201d expiry to Friday\u00a0from Thursday, the company said, \u201cIt will be a positive move for the Market participants. This will benefit traders, retailers and arbitrageurs. This…<\/p>\n

Read More “\u201cExpiry Change from Thursday to Friday will see turnover growth of 25% in the next year\u201d: Share India Securities Ltd”<\/span> »<\/a><\/p>\n","protected":false},"author":1,"featured_media":20876,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[54],"class_list":["post-20875","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/20875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/comments?post=20875"}],"version-history":[{"count":0,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/20875\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media\/20876"}],"wp:attachment":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media?parent=20875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/categories?post=20875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/tags?post=20875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}