●
Upstox is currently adding nearly 5 lakh customers month on month
● Is making a significant move towards empowering retail traders to "Trade Right”
Mumbai, November 4th,
2024 : Upstox,
one of India’s highest-rated trading apps and one of the leading wealth
management platforms has introduced its latest innovation—a suite of advanced
trading features powered by Tick-by-Tick (TBT) data. Branded as the TBT Engine, it represents a strategic
move by Upstox to solidify its leadership in India’s fast-growing stock market
ecosystem.
With India's retail investor base skyrocketing
to over 16.2 crore demat accounts as of June 2024, retail investors played a
significant role, contributing 35.9% to the equity cash segment in FY2024.
Meanwhile, the monthly turnover in the F&O segment hit a staggering ₹8,740
lakh crore in March 2024. To help traders successfully place limit orders,
improve order execution success, reduce losses and trade at par with the pros –
Upstox is launching the TBT Engine.
This is in line with its mission to help traders Trade Right, and it offers
retail traders access to the same high-precision data that was once reserved
for institutional investors. Designed for intraday, F&O, swing traders, and
long-term investors, the TBT Engine
equips users with powerful tools and insights to improve order execution
success, optimise strategies, reduce risks.
Ravi Kumar, Co-Founder & CEO of Upstox,
said, "As India’s retail trading landscape
continues to evolve, the demand for precision and real-time data is more
critical than ever. With the TBT Engine, we're reducing the gap between retail
and institutional trading by equipping traders with the sophisticated tools
they need to make smarter, more informed decisions. Drawing from my algo
trading experience, where the power of Tick-by-Tick data was transformative, we
wanted to empower our users with the same level of insight. The TBT Engine
marks a pivotal step in our mission to elevate the trading experience, giving
retail investors the tools to trade with confidence and precision."
Earlier this year, Upstox made history as the first broker to introduce TBT-powered charts, improving indicator mapping, pattern recognition, and analysis. Now, with the TBT Engine, Upstox takes this even further:
● Order Flow Insights: Crucial information before a
trader places a trade
○
Depth Rank: Tells traders exactly where their limit order
stands in the market. For example, if you place a limit order for XYZ stock at
₹100, you’ll immediately know at what level your order stands in the market.
○
Traded at or below/above: Shows traders the percentage of orders traded
at and below your limit buy order or at and above your limit sell order at any
given time, allowing for more strategic decision-making.
○
Qty. Ahead: Reveals the total disclosed quantity of shares
standing ahead of your order in the market.
Traders can also set up LIVE Depth Rank alerts
to get notified every 15 minutes if their Depth Rank worsens, keeping them
updated and agile in rapidly changing markets.
● Market Depth 30: Getting a full picture of the market is essential, especially while
trading Futures and Options (F&O). Traditional market depth data can be
insufficient, often missing key movements that could impact trading strategies.
With its new TBT Engine,
Upstox will now offer an extended market depth view up to 30 levels.
● Demand and Supply Zones: Upstox displays the top 5 prices with the
largest quantities in the exchange order book. This feature helps traders
identify key demand and supply areas, aiding trend recognition and strategic
decision-making.
● GTT Trigger Engine: Many GTT orders fail due to reliance on Snapshot Data. Upstox solves
this by using continuous TBT data, ensuring no price movement is overlooked.
The result? Precise GTT triggers that reduce missed opportunities and improve
execution reliability.
● Trade Price Checker: Accuracy in trade execution is essential, yet discrepancies can occur.
Upstox is the first broker in India to offer a Trade Price Checker, with full
transparency, allowing users to check exact execution times, prices, and match
details, ensuring trust in every transaction.
The Upstox TBT Engine empowers users by enhancing their ability to
succeed in the markets. With access to real-time, precise data, traders can
make more informed decisions, gaining deeper insights into market dynamics.
This advanced tool not only helps users manage risk more effectively but also
equips them with a competitive edge, enabling smarter, more confident trading
strategies.
Upstox has a customer base of over 1.4 crores with 75% of them being
millennials. Nearly 70% of the total customer base comprises first time
investors, from which 85% of them are from tier 2 and tier 3 cities in India.
Currently, Upstox is adding nearly 5 lakh customers month on month.
(*Available only for
NSE Cash and F&O scrips)