Reliance Securities, the broking and distribution arm of Reliance Capital, has introduced a mobile app called ‘Tick Pro’ for options trading, to grab a significant share of the growing market for derivatives trading on mobile. The Economic Times reports that B Gopkumar, CEO-broking and distribution business, Reliance Securities, said:
Options trading in the Indian market has seen rapid growth in the last few years … The share of traders through mobile will grow three fold to Rs 6,000 crore in the next couple of years. We believe there is a big demand for options trading through mobile.”
Available on Android and iOS, Tick Pro will cater to cash market trades too, though its features are meant more for options trading. It scans over 25,000 contracts and 5,000 securities per second to identify opportunities for options trading.