PhonePe's Share.Market Unveils Sheets to Revolutionize Discount Broking and Enhance Trading Ease
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Bengaluru, Dec 2 (NationPress) Share.Market, a product of PhonePe, has unveiled Sheets on Monday, marking a revolutionary step in the discount broking sector aimed at enhancing the trading experience for market participants.
Accessible via the web platform trade.share.market, Sheets allows traders to import market data directly into a spreadsheet, enabling them to create personalized trading models and strategies effortlessly.
With the innovative launch of Sheets, Share.Market sets a new benchmark in the industry, becoming the sole discount broker in the nation to offer such a feature. This advanced tool equips market participants with the necessary infrastructure to leverage their insights and discover actionable market data.
For traders and investors who may lack a programming background, managing and analyzing hundreds of stocks to align with specific strategies can be tedious and challenging. Sheets effectively addresses this issue, allowing the trading community to develop option strategies, generate buy and sell signals, and analyze trends in real-time.
“Share.Market continually aims to improve the broking experience for market participants and provide them with intelligent tools for informed decision-making. Sheets is a unique asset in the discount broking landscape, automating the tracking of multiple stocks without manual effort,” stated Ujjwal Jain, CEO of Share.Market.
“This innovation will enable traders to swiftly formulate investment strategies and minimize the risk of mistakes. These tools facilitate the accurate identification of market signals, trends, and momentum shifts. With these robust new features, Share.Market is assisting traders and investors in refining their strategies, allowing them to concentrate on what truly matters -- making wise and informed market choices,” he added.
Sheets offer a user-friendly way to manage and create stock watchlists. Traders can construct custom watchlists that meet their unique specifications.
The feature supports the import of existing watchlists, which will receive automatic updates with real-time price and percentage changes. This allows traders to monitor their preferred stocks without the hassle of manual tracking.
Additionally, it includes a real-time option chain data feature, enabling traders to track market movements on-the-go without missing any critical information.
Traders will have access to real-time option chain data, which will empower them to formulate complex option strategies such as iron condors and straddles, among others. Users can utilize Sheets to establish custom entry and exit signals using live option chain data that updates every second.
To further elevate traders' capabilities, Sheets will allow the use of price arrays for seamless strategy construction and testing. For instance, by integrating historical data with short- and long-term moving averages and live data subscriptions, traders can generate crossover signals within a dynamic price array. This will facilitate informed investment decisions.
In the forthcoming quarters, Sheets plans to introduce advanced features to enhance its usability for both novice and seasoned traders. These will include a Custom Strategy Builder that allows traders to predict profits and losses, identify breakeven points, and view live charts.
Traders will also have access to pre-established strategies, such as condors, spreads, and ladders, which can be seamlessly integrated into their existing templates to plan investment actions.
Share.Market has experienced significant growth in the last year, boasting a customer base of 2.5 million and more than 2 million monthly active mutual funds SIP transactions. By August 2024, it surpassed 2 Lakh active investors, ranking as the 21st largest broking platform in India.
To encourage new investors to embark on their investment journeys and attract experienced investors to trade with Share.Market, the platform is extending its Zero brokerage offer until March 31, 2025.
