The new platform to help traders analyse their trading behaviour and minimise losses, Bengaluru based fintech startup Anastrat, which is fast picking momentum with 1 lakh traders on the NSE F&O, Equity Intraday and MCX using the platform, has joined hands with Dhan. Any users using Dhan as a brokerage platform will now get access to Anastrat seamlessly without any efforts from the users.
In the current scenario any trader who wants to access the Anastrat platform the trader needs to upload his trade book every time he syncs with the platform to seek solutions, especially in cases where Anastrat does not have the brokers partnered. This proves to be painstaking and therefore any traders using Dhan, IIFL, Fyers & Zerodha as their broker, this platform works seamlessly.
Commenting on the partnership Mohit Golecha, Co-Founder & Chief Technology Officer at Anastrat said, “We are really excited to work with India’s first fully tech enabled broker specially for Derivative traders. At Anastrat, we fundamentally believe in improving Derivative traders’ performance leveraging technology. This partnership was bound to happen for the best of the entire extended derivative trading community now.”
Further highlighting the importance of the partnership, Alok Pandey, Co-founder & Chief Technology Officer at Dhan said, “We are thrilled to partner with Anastrat to help traders on Dhan analyse and improve their trading performance. At Dhan we strongly believe that it is the disciplined traders who make money from stock markets, and hence our partnership with Anastrat is a natural extension of this belief. With this, users of Dhan can benefit from Anastrat’s behavioural analytics and critical insights to improve their performance in markets.”
Anastrat, headquartered in Bengaluru, was founded in 2021. The AI-powered post-trade analytics platform incorporates a patented system to assess and improve a professional Trader’s capabilities and performance while also giving learning and upskilling tools to newcomers to the stock market.
The start-up has developed the Anastrat scoring system to measure an investor’s ability to trade in rhythm with market movement. The score is derived using over 100 parameters, including daily output, 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. A daily trading notebook is included in the subscription-based SaaS platform, which marks key strategies and indicators for future reference.
For operational convenience, Anastrat offers the integration of major trading platforms such as Zerodha, FYERS, IIFL, and Dhan on its dashboard. The start-up further claims that the platform is used by over 1 lakh traders on the NSE F&O Segment, Equity Intraday and MCX. To increase revenue and market reach, the company wants to offer post-trade analytics for crypto traders and new investors in the blockchain area this year.