“Expiry Change from Thursday to Friday will see turnover growth of 25% in the next year”: Share India Securities Ltd
New Delhi (India), June 10: Share India Securities Ltd. (BSE: 540725, NSE: SHAREINDIA) is one of India’s leading tech-based financial service providers. Speaking about the change in “Bank Nifty Futures & Options contracts” expiry to Friday from Thursday, the company said, “It will be a positive move for the Market participants. This will benefit traders, retailers and arbitrageurs. This […]

New Delhi (India), June 10: Share India Securities Ltd. (BSE: 540725, NSE: SHAREINDIA) is one of India’s leading tech-based financial service providers. Speaking about the change in “Bank Nifty Futures & Options contracts” expiry to Friday from Thursday, the company said, “It will be a positive move for the Market participants. This will benefit traders, retailers and arbitrageurs. This will positively enhance market sentiments and increase participation. The turnover and participation will see an increase, especially on Friday. An instrument expiry on Friday will now give participants a whole week as the Finnifty expires on Tuesday, Midcap nifty expires on Wednesday, and Nifty expires on Thursday currently. As per our view/observation, the turnover growth of the market is expected to increase by 25% in the next financial year.”
Share India views this as a positive move as it launches its algo product for retail investors in the last week of June. This change will positively impact client turnover and the expectations of retail clients.
The company is focusing on its retail Algo trading platform – “uTrade Algos”. uTrade Algos is an Algorithmic Trading Platform that lets users Plan, Strategize, and Automate trades as well as subscribe to Pre-made Algos. The company is making algos easier and more accessible for everyone. Share India believes in high-quality fintech and has focused on developing technology.