editor daily mirrorDailymiorror.News, National, November 28th, 2024: Share.Market, a product of PhonePe, has launched Sheets, an industry-first innovation aimed at simplifying the trading experience for investors and traders.
Available on the web platform trade.share.market, Sheets allows traders to import real-time market data directly into a spreadsheet and seamlessly create custom trading models and strategies.
With this groundbreaking feature, Share.Market is now the only discount broker in India offering such an advanced tool, empowering market participants with the ability to leverage their intelligence and uncover actionable insights.
Traditionally, traders-particularly those without a programming background—have had to manually manage and analyze large volumes of stock data, which can be both time-consuming and cumbersome.
Sheets tackles this challenge by automating the process, enabling users to build option strategies, generate buy/sell signals, and analyze market trends in real-time with ease.
Key Features of Sheets:
- Effortless Watchlist Management: Traders can now create and manage custom stock watchlists tailored to their specific needs. Existing watchlists can be easily imported and will automatically update with real-time price and percentage changes, saving traders time and ensuring they never miss important updates.
- Real-Time Option Chain Data: Traders can track live option chain data, empowering them to build complex strategies like iron condors, straddles, and more. With real-time updates, traders can create dynamic entry and exit signals, helping them make informed decisions on the go.
- Simplified Strategy Building: Sheets allows traders to use price arrays to test and build strategies, integrating both historical data and live data subscriptions. This feature enables traders to create crossover signals using short- and long-term moving averages, facilitating smarter decision-making.
Ujjwal Jain, CEO of Share.Market, shared his thoughts on the launch: “At Share.Market, we are always looking to enhance the broking experience for our users. Sheets is a unique tool in the discount broking space that automates tracking and strategy development.
By removing the need for manual data analysis, it empowers traders to make quick, data-driven decisions while minimizing errors. With Sheets, traders can easily identify market signals, trends, and momentum shifts, making smarter and more informed investment decisions.”
Looking ahead, Sheets will continue to evolve with the addition of advanced features. The platform plans to introduce a Custom Strategy Builder to predict profits and losses, determine breakeven points, and display live charts. It will also provide pre-built strategies, such as condors, spreads, and ladders, which traders can seamlessly integrate into their templates.
In the last year, Share.Market has seen tremendous growth, reaching a lifetime customer base of 2.5 million and processing over 2 million monthly mutual fund SIP transactions. By August 2024, the platform surpassed 200,000 active investors, solidifying its position as the 21st largest broking platform in India.
To further encourage new and experienced investors, Share.Market is offering zero brokerage until March 31, 2025, making it an attractive option for those looking to start or expand their trading journey.
