Share.Market, a PhonePe product, has announced the launch of its Futures and Options (F&O) segment. To increase intelligence, trader-focused data points around strategy building and effective money management will be rolled out.
Seven months since the launch of its business, Share.Market lifetime customers are over 1.55 million, with over 1.4 million monthly active MF SIP transactions, according to a company statement.
Talking about the launch of F&O, Ujjwal Jain, CEO, Share.Market, said, “This addition of futures and options trading to our platform will further strengthen our efforts to empower investors and traders with the tools and resources they need to navigate today's dynamic financial markets.”
Meanwhile, here are the features of the F&O:
Robust Trading Interface: A user-friendly interface designed to streamline the trading process, enabling traders to execute F&O trades with ease and efficiency. Effective risk management capabilities around tracking and managing orders include optimal capital allocation and timely exits.
Evolving Intelligence Layer: Enhanced Option Chain with Max Pain, Put Call Ratio (PCR), and Easy Visualisation of Open Interest (OI) Change, together with charting capabilities of individual Future and Option instruments, has been launched.
Leveraging Pledge for Margin Trading: For seasoned traders, there is an option of getting collateral margin through pledging of existing holdings.
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On August 30, 2023, PhonePe entered the stock broking platform with Share.Market. In a statement, Jain said during the launch, “In the last few years, we have seen an increase in the percentage of savings going into equities in a big way. There is a vibrant growth in the active trading community, which trades with different objectives.”
PhonePe also acquired two wealthtech platforms, WeathDesk and OpenQ. The purpose of the acquisition was to enter the wealth-tech ecosystem.
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