ICICIdirect.com launches F&O@FingerTips

An online advisory facility for active traders

ICICIdirect.com has launched a new feature called ‘F&O@FingerTips’ providing real-time advanced information on Derivative contracts to its customers. F&O@FingerTips is designed in a way to offer an integrated platform consisting of all tools, information and inputs needed by an active retail trader to identify the opportunities in the derivative market with an option to trade it immediately.

Based on the exclusive ICICIdirect research recommendations on derivatives, customers can also execute a trade immediately ICICIdirect is the first online trading portal to offer such a facility.

The new feature has seven sections and all of them list contracts selected on a pre-defined logic and on real-time basis: Top Active Futures which provides a real-time list of 10 most active future contracts of the day; Top Nifty Strikes which provides a real-time list of five most active Call & Put Nifty contracts; Low Value Nifty Strikes which provides a real-time list of five Call & Put Nifty contracts which are cheaper and would thus require lower investment; Active Stock Options is a list of five most active Call and Put contracts for Stock Options; High Rollover Stock which provides a list of stock futures which are witnessing the highest rollover from the current month series to the next month series; Movers & Shakers lists stock futures which are witnessing significant price or volume activity as compared to the previous day.

F&O@FingerTips provides exclusive trading and investment calls from ICICIDirect Derivatives Research Desk. These recommendations include intraday trading calls on futures and options, positional calls, two/three legged strategies and other investment strategies. All recommendations can be traded immediately by the click of a button. This section also provides with live news headlines relevant to the Indian financial markets.

Commenting on the new facility, Mr Ketan Karkhanis, Head of Active Trader Service said, “Over the past one year we have seen an increased interest in equity derivatives from retail investors. To take profitable trading decisions, an active trader is required to keep a tab on change in critical derivative indicators and news flow. Based on the inputs that we received from our Active Traders, we have developed F&O@FingerTips which meets this requirement and will help an active trader to track market movements on a real-time basis. This is the first time that active traders have been offered such a facility.”

ICICI Securities is one of largest integrated securities firms in India covering the needs of corporate and retail customers through investment banking, institutional broking, retail broking and financial product distribution businesses.

ICICIdirect.com has over 2 million customers and is a market leader in online and offline financial product distribution. ICICIdirect conducts programs in over 250 of its stores across the country to empower retail investors to take informed decisions on their investments through the ICICIdirect Learning Centre. These programs include Shares simplified, F & O Simplified, Mutual Fund Primer and Insurance Intelligence.