PhonePe’s Share.Market Introduces Futures & Options Segment with focus on Intelligence

Bengaluru, 19th April 2024: Share. Market, a PhonePe product, announced the launch of its Futures and Options (F&O) segment. This addition marks a significant milestone in the platform’s mission to empower traders with comprehensive trading tools and resources which will facilitate an enhanced trading experience with a dedicated focus on the Intelligence layer.

Within seven months of the launch of the business, total Share. Market lifetime customers are over 1.55M with over 1.4M monthly active MF SIP transactions. In addition, Share. The market has been able to provide access to Intelligence to over 75,000+ users (daily app engagement) with 1.5L demat accounts.

The introduction of F&O capabilities on Share. Market enhances the platform’s offerings, with a comprehensive Option chain analysis to track Options. Futures and Options contracts across various Indices and Stocks play a role in the Investor and Trader’s journey to manage risk, hedge positions, and enhance the overall return profile through efficient portfolio management. To bring more Intelligence, trader-focused data points around Greeks and strategy building with effective money management will be rolled out.

Key features of the F&O offering include:

  • 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 visualization of Open Interest (OI) change, together with charting capabilities of individual Future and Option instruments has been launched. Many more features around hedging, mechanics for strategy selection, building blocks behind strategy execution, and management are all in the pipeline.
  • Leveraging Pledge for Margin Trading: For seasoned traders, there is an option of getting collateral margin through the pledging of existing holdings.
  • Educational resources: Along with an Intelligence layer on the platform, augmenting with access to educational resources, tutorials, and webinars to help traders deepen their understanding of F&O trading strategies and concepts.

Talking about the launch of F&O, Ujjwal Jain, CEO, Share. Market said, “As Investors and Traders empower themselves to Invest and Trade better, Share. The market has been able to take the ambitious steps to elevate Discount Broking powered by Intelligence.” He further added, “With the launch of Futures and Options trading to our platform, we are further expanding our suite of offerings. This addition will further strengthen our efforts to empower investors and traders with the tools and resources they need to navigate today’s dynamic financial markets.”

The launch of the F&O feature underscores Share. Market’s dedication to innovation and customer-centricity. By continuously enhancing its platform with new features and capabilities, Share. The market remains at the forefront of the industry, catering to the evolving needs of investors and traders.

Launched in August end 2023, Share. Market elevates discount broking by providing market intelligence, quantitative research-based WealthBaskets, a scalable technology platform, and a great customer experience for investors and traders alike. It provides a wide spectrum of investment products allowing investors across different demographics to build a well-rounded and balanced portfolio. Share. The market offers stocks (intraday and delivery), Exchange-Traded Funds (ETFs), Mutual Funds, and wealth baskets.

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