Mumbai, June 09, 2020 - ICICI Securities (I-Sec), India's leading retail-led
equity house, today said it has tied-up with Sensibull, a third party derivatives
strategy platform, to offer their advanced trading suggestions and strategies on
the icicidirect platform.
Sensibull is a popular tool in the equity F&O trading space and has found favour
with the trading community for easy to use interface, strategies, and analytics.
The platform suggests a list of strategies based on a trader's market view and provides
all essential information like trade, strike prices, risk, profit and loss potential
etc. One can also compare different Option strategies to find the right one. Sensibull
attempts to create possible scenarios for investors so that they can take best decision
while placing bets. Currently it has over 50,000 unique weekly logins.
"With the rise in F&O trading, it is imperative that investors look for differentiated
tools to enhance and validate their trading strategies. In this context we are confident
that our customers will find Sensibull's offerings very useful. The new regulation
on derivative margin effective June 1st will encourage traders to execute
multi leg positions to save margin and hedge against the volatility. Sensibull will
give an edge to our customers in terms of determining the most suitable strategy
for them in terms of risk reward and ROI on margin. We are looking at more such
niche tie-ups to further augment the overall trading experience on icicidirect,"
said Mr. Kedar Deshpande, Head - Retail Distribution, Product & Services, ICICI
I-Sec customers can access Sensibull by logging in from icicidirect or Sensibull
platforms. It comes at an introductory price of
₹ 970/month against the regular price of
₹ 1300/ month.
"ICICI Direct is synonymous with trading, and almost all of us learned trading
with them when we were in our teens. That makes this partnership with ICICI Direct
a dream come true for us. We are super excited about growing this and adding genuine
value to their clients. Sensibull lets a beginner with
no experience to trade options. All she has to do is to tell in plain English whether
the stock will go up or down. Our algorithms will do the rest and find the best
Options strategies for the investor's prediction. Further, all our strategies come
with a limited loss, as they are hedged which means the user will not take a big
loss, no matter what. This gives investor confidence and peace of mind," said Abid
Hassan, Founder and CEO of Sensibull, who began his career as an Options
trader in ICICI Bank.
The Derivatives market in India has seen robust growth in recent years. Average
Daily Traded Value for NSE's equity derivatives segment in FY20 was
₹139 lakh crore*. Market has grown at 44% CAGR over the last 5
*Turnover includes notional turnover of options.
About ICICI Securities
ICICI Securities Limited (I-Sec) is a subsidiary of ICICI Bank Ltd. The company
began its operation in May 1995 and continues to grow its operation through expanding
its client base and providing different type of services.
I-Sec operates www.icicidirect.com, India's
leading virtual financial supermarket, meeting the three need sets of its clients-
investments, protection, and borrowing. Through its three lines of businesses --
broking, distribution of financial products, and investment banking-- I-Sec serves
customers ranging from the retail and institutional investors to corporates to high
net-worth individuals to government.
I-Sec is listed on National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
For details, visit: www.icicisecurities.com
Except for the historical information contained herein, statements in this release
which contain words or phrases such as 'will', `expected to', etc., and similar
expressions or variations of such expressions may constitute 'forward-looking statements'.
These forward-looking statements involve a number of risks, uncertainties and other
factors that could cause actual results, opportunities and growth potential to differ
materially from those suggested by the forward-looking statements. These risks and
uncertainties include, but are not limited to, the actual growth in broking business
and other financial services in the countries that we operate or where a material
number of our customers reside, our ability to successfully implement our strategy,
including our use of the Internet and other technology our exploration of merger
and acquisition opportunities, our ability to integrate mergers or acquisitions
into our operations and manage the risks associated with such acquisitions to achieve
our strategic and financial objectives, our growth and expansion in domestic and
overseas markets, technological changes, our ability to market new products, the
outcome of any legal, tax or regulatory proceedings in India and in other jurisdictions
we are or become a party to, the future impact of new accounting standards, our
ability to implement our dividend policy, the impact of changes in insurance regulations
and other regulatory changes in India and other jurisdictions on us. ICICI Securities
Limited undertakes no obligation to update forward-looking statements to reflect
events or circumstances after the date thereof.
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