Mumbai: Shoonya by Finvasia is India’s leading multi-asset trading platform, co-founded in 2013 by brothers – Sarvjeet Virk (MD) and Tajinder Virk (CEO), also ex-Wall Street professionals. He along with his brother, has established an ecosystem which is disrupting the financial sectors globally. He had the vision to offer innovative and real-time end-to-end financial solutions that cater to the needs of all investors, regardless of their experience level.
Down below are his views on how has the year 2023 been for them and the company/agency they work for and forecast for 2024.
2023 has been a year of growth and many firsts for us at Shoonya. We have achieved several milestones including making it to the top 30 brokers in India. Currently, we are among the top 8 brokers who are adding clients month on month in this financial year and that is something that gives us confidence for our future ambitions. Our goal is to become a top broker in the country and we have a long journey to make this dream a reality. We are constantly working towards the same by building innovative products and solutions targeting customer satisfaction.
My first and foremost advice would be to always do your own research before making any financial decision. Investors should prioritise diversification, staying informed on market trends, and maintaining a long-term perspective. Managing risk, adapting to technology trends, and embracing sustainable investing practices are crucial.
Additionally, adjusting strategies based on changing economic conditions are key considerations for investors in the coming year.
In 2023, we launched the AI-powered feature in partnership with I Know First. It offers access to AI-based predictions for up to 1500 Indian scripts, including large, mid, and small-caps stocks, as well as predictions for Indian indices from the NSE and BSE. Users also get a sophisticated market analysis with color-coded signals, instant heatmaps, wave trend prediction, and performance signals.
In 2024, we plan to launch more such features to simplify trading and investing. Shoonya is also working on further improving the user interface of the platform where traders would be able to place orders in just one click, making it easier to buy and sell stocks. We will also introduce advanced screeners and analytical tools to enable our users to make smart investing and trading decisions.
AI is at the heart of our strategy now and for the foreseeable future. We are committed to leveraging its capabilities to not only enhance our trading platform but also to explore the creation of separate fintech products that can address the unmet needs of our clients.
It's important to note that our focus extends beyond urban markets. We recognize a significant opportunity in Bharat, where many potential investors are underserved or unserved. We are determined to develop user-friendly products tailored to their unique needs and preferences.
To further live up to our brand promise of empowering our customers through education and cutting-edge technology, we have some exciting plans to enhance our education portal significantly. Our goal is to give our customers the knowledge and tools they need to make informed investment decisions. To bolster our educational resources, we are actively working on expanding our AI-based product features. While AI is currently a part of our stock trading services, we envision its integration into derivatives, commodities, and currencies trading as well. This will not only improve the trading experience but also enable our customers to explore new avenues for investment.
The author of this article is Finvasia co-founder & MD Sarvjeet Virk.
