This impressive growth is attributed to young traders in the age group of 18-25 years and millennials
The platform also saw a significant uptick in NSE trading, with the maximum number of trades in Futures and options (F&O)
Mumbai, November 24th, 2021: TradeSmart, one of India’s leading online new-age discount brokerage companies, announces that it recorded 50% rise in average trade volumes between April 2020 and March 2021 in Maharashtra. The company further marked a 31% growth in unique traders hailing from Maharashtra during the time period.
TradeSmart hammers on the fact that the maximum numbers of traders in the customer base falls in the age group of 31-40 years. The percentage of traders in terms of gender ratio remained at 85% males and 15% females on the platform. However, a 50% rise in traders was marked within the 18-25 age group, with a 10% year-on-year hike on NSE Equity investments.
During the same period, the company also saw NSE trading at a peak high with maximum number of trades towards Futures and options (F&O), while equity trades recorded 4% year-on-year growth compared to last year. The company expects a promising growth month-on-month till end of the current financial year.
About TradeSmart:
TradeSmart is a new-age technology-focused discount online broking firm that simplifies investments for young & tech savvy Indians. Registered as VNS Finance & Capital Limited in 1994, the company has a strong lineage of over 25 years in the brokerage segment. A member of NSE, TradeSmart provides online trading in – Cash, Futures & Options, Currency Derivatives, Commodities, Mutual Funds, and ETFs for investors and online traders.
TradeSmart offers simplified products – SINE, SWING, SWING API, BOX, and TradeSmart MF. Backed by a robust security system and deep technology, the apps enable easy and secured transactions for customers all across the country.
This news was shared to Prittle Prattle News via press release.
