Stockbroking platform Dhan join hands with Bootstrap analytical startup AnaStrat
- ByStartupStory | July 1, 2022
The first analytical day trading platform in the world, Anastrat, based in Bengaluru, has partnered with technology-driven stock broking platform Dhan. Dhan, a division of Raise Financial Services with its corporate office in Mumbai, was founded by Pravin Jadhav in January 2021. After this partnership, day traders at Dhan will have easy access to all the value-added AI-based services offered by Anastrat, including behavioural analytics and critical insights to boost the performance of the traders.
Commenting on the collaboration Anastrat’s co-founder and chief technology officer, Mohit Golecha, “We are really excited to work with India’s first fully technologically advanced broker, particularly for derivative traders. At Anastrat, we firmly believe in enhancing the efficiency of derivative traders through the use of technology. For the benefit of the entire extended derivative trading community, this alliance was inevitable.”
Alok Pandey, co-founder and chief technology officer at Dhan, further underlined the significance of the agreement by saying, “We are happy to work with Anastrat to help traders on Dhan examine and improve their trading performance. Our relationship with Anastrat is a logical outgrowth of our firm belief at Dhan that disciplined traders are the ones who profit from the stock market. Through this, Dhan users can gain access to Anastrat’s behavioural analytics and important market insights to better their success.”
Bengaluru-based Anastrat was established in 2021. A patented system is included in the AI-powered post-trade analytics platform, which also provides learning and upskilling resources to novice stock market participants. This technology is used to evaluate and enhance a professional trader’s capabilities and performance. To assess an investor’s capacity to trade in time with market action, the start-up created the Anastrat scoring system. The calculation of the score takes into account more than 100 factors, such as daily output, the Sharpe ratio (return on investment versus risk), a weighted average of daily, weekly, and monthly trades, consistency, duration, calculated response, risk management, aggression, panic selling, and more. The subscription-based SaaS software comes with a daily trading notebook that highlights important techniques and indications for future reference.
Anastrat offers the integration of significant trading platforms including Zerodha, FYERS, IIFL, and Dhan on its dashboard for operational convenience. The startup further asserts that over 1 lakh traders use the platform on the NSE F&O Segment, Equity Intraday, and MCX. The business plans to provide post-trade analytics for cryptocurrency traders and new investors in the block chain space this year in an effort to grow sales and the market.
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