To empower traders with real time analytics around News and for analytical insights for trading in Futures & Options.
MUMBAI, June 14, 2015: Seeking to empower its customers with real time analytics across News and Futures & Options, leading broking house Kotak Securities has tied up with fin-tech and data analytics company Heckyl Technologies to offer two unique analytics applications through its trading platform.
FIND – Financial In News and Data – the multi-award winning global platform developed by Heckyl has application analytics that can be used by a trader, researcher and analyst for capturing insights from the universe of data.
FIND News analytics brings real-time news, information and market data from companies and global markets along with brokers’ and analysts’ recommendations. The FIND Futures & Options analytics provides traders in the derivative markets with easy-to-use tools and effective visuals for exploring real-time trading opportunities.
Mr. Trivikram Kamath, Executive Vice President and Head of Operations for Finance and Technology at Kotak Securities said: “Today’s investors and traders sift through a lot of data before executing their orders. Hence as India’s leading brokerage house, we are investing in this technology so that our clients can make trading decisions confidently with some robust market data. This platform amplifies the overall trading experience by combining real-time market data, news and analytics in an intuitive and easy to use interface that caters to the needs of our diverse set of investors and traders.”
Announcing the tie-up, Mr. Mukund Mudras, Founder & CEO, Heckyl Technologies, said: "We are extremely happy to be associated with India’s leading broking house Kotak Securities. We are sure that our cutting edge analytics applications will be of immense use to their clientele as they will be able to get actionable insights from market-moving news and data in real time.”
Heckyl Technologies fills the retail investors’ gap in finding relevant and timely information from the universe of data. Heckyl mines and transforms both, structured and unstructured data into actionable real-time insights for the financial markets. Heckyl recognizes that mining real-time information from unexplored sources (including Social Media and Open Data sources) presents actionable insights for investors. Heckyl’s FIND discovers market-relevant news and data from 1.5 million sources. FIND further clusters similar news items and performs a sentiment analysis. This presents traders and investors with actionable opportunities from a universe of structured and unstructured data.
About Kotak Securities
Kotak Securities Limited is a subsidiary of Kotak Mahindra Bank Limited and is the stock broking arm of the Kotak Mahindra Group. Kotak Securities has a full-fledged research division engaged in macro-economic studies, industry- and company-specific equity research. With a focus on providing sustainable, selective and scalable stories to its clients, Kotak research is known for its in-depth modeling, width of coverage and investment insights. The firm consistently figures in the top league of rankings by investors and industry bodies for its broking services in India. Kotak securities has been awarded as the Best Broker in India at FinanceAsia Country Awards for Achievement in 2014 and 2015. Kotak Securities offers a wide range of financial products for its investors, including Stocks and Shares, Derivatives, distribution of IPOs, Mutual Funds and Insurance.
About Heckyl Technologies
Heckyl is a real time data analytics company that brings news, price fundamental and portfolio analysis through a single platform called FIND (Financial in News and Data). FIND can be used by a researcher, trader and an analyst for actionable insight from the universe of data. The platform brings real-time news, information and market data from companies, businesses and global markets along with brokers and analysts recommendations from around the world. Heckyl’s key advantages is its technology with sentiment-tagging, news – clustering and discovery engine for market moving alerts from both, conventional and evolving data sets including Open Database and Social Media.
Heckyl reaches out to 4 million users out of which around 800,000 traders are on its platform, which is through the larger brokerage houses in India. Heckyl reaches out to the institutional brokers, hedge funds, banks and asset management companies in UK. It has two offices - one in India and another in London.