The portal uses advanced trend-tracking algorithms to provide stock picks and timely buy and sell signals supporting the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) along with other global stock exchanges. It will also provide a platform for investors to participate, share, collaborate, discuss and rate stocks.
"The portal has been developed primarily keeping the retail investor in mind. There are around 10 million retail investors in the country. However, with so many exchanges, thousands of listed companies and highly fluctuating stocks, which get affected to even the most insignificant rumour, many of these investors trading in stock markets are left in disarray.
We intend to target these investors and plan to have a 2-million user base in the first year of operations," Sharath Krishna Kaza, chief executive officer of Forceites, told mediapersons here on Friday.
Stating that the portal at present enables investors to transact trading in India, UK and the US, he said it would support other exchanges including Australia and Singapore and offer a intra-day trading platform, besides providing services for trading forex, commodities futures markets and mutual funds by this year end.