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AI On Trading Floors: Can AlgoBulls Make Automated Trading Mainstream In India?
- Mumbai-based AlgoBulls offers a user-friendly platform for algorithmic trading encouraging greater participation from retail investors.
- Algorithmic trading highlights include speed, efficiency, reduced operation time and cost, doing away with human bias and errors.
- SEBI has released a draft circular aimed at making algorithmic trading more accessible to retail investors.
- AlgoBulls offers off-the-shelf solutions to wholly customizable and dynamic models to meet different requirements.
- AlgoBulls has attracted significant investor backing securing $2mn in January 2023 during its pre-Series A round.
- AlgoBulls has built its service platforms on five core pillars - robust infrastructure, IP protection, low-latency, high-speed execution, guardrails for risk management and regulatory compliance.
- Globally, the algorithmic trading market is expected to hit $33.9Bn in 2028 from $20.5Bn in 2024.
- AlgoBulls aims to grow its product portfolio and enhance platform capabilities by integrating advanced AI-based features.
- In the long term, the fintech startup wants to provide easy access to high-frequency trading and FPGA-powered algo trading.
- AlgoBulls will even continue to work on educating retail users, forging strategic alliances with brokers, refining personalised investment strategies, and upholding rigorous global compliance and risk management standards.
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