Technology has traditionally been considered the bastion of a privileged few. High net-worth individuals and corporate investors reaped full benefits of this system.
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Algorithm-based trading has for a long time been considered the bastion of a privileged few. High net-worth individuals and corporate investors reaped full benefits of this system. But now, a Noida based brokerage is taking decisive steps with a Chandigarh based Fin-tech company to make this technology available to more and more retail investors.
“We have been working with uTrade Solutions for over a decade now. They have been delivering path breaking technology driven services which have been instrumental in helping us scale up in the brokerage industry. Sachin Gupta, CEO Share India said.
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When we decided to enter the retail market through an internet-based trading platform for retail investors, we realized that this is going to be a watershed moment for Indian stock markets. Thus, we wanted to go with the trusted and proven partner like uTrade who can complement our experience and vision with world-class infrastructure, expertise and technical know-how.”
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“No two people can walk together without having a common goal. ShareIndia and uTrade solutions share the common dream of providing algo trading capabilities to retail investors on their mobile while achieving discipline, better risk management, enhanced performance and better returns via automated trading,” says Kunal Nandwani, Co-Founder & CEO of uTrade Solutions.
Trade Solutions started its journey from Chandigarh. In 2011 the company went live with a bouquet of solutions providing technologies such as trading platforms, algorithmic trading, risk management and portfolio handling solutions. Initially, the company focused its operations in India before venturing into international markets like Dubai, London, Singapore, New York, Turkey and Vietnam. Late last year, Share India securities had acquired 63.5% stake in uTrade Solutions for a consideration of Rs. 13.68 crores.
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