Yobee & Nuvama launch Tradebox to help investors trade with ease
By Leandra Monteiro
Yobee, a FinTech company that creates financial products for the capital market sector, has announced the unveiling of Tradebox at no charge to users of Nuvama Wealth, a wealth management firm formerly known as Edelweiss Wealth Management.
Through this partnership, Yobee expects to further increase the penetration of Tradebox as a valuable asset class for traders and investors.
Tradebox is designed to simplify and enhance the systematic trading experience for advisors, investors, and traders. It now also offers a seamless onboarding experience for customers of Nuvama Wealth who wish to use the platform. The “Login with Nuvama” feature on the Tradebox web app allows customers to begin their trading journey with ease, without the need for additional account creation or verification processes.
This integration enables Nuvama Wealth customers to benefit from Tradebox’s advanced features, including single-click systematic trading and real-time market data analytics. Nuvama Wealth has about two lakh KYC-approved customers that can potentially benefit from Tradebox.
As part of the collaboration, Salil Mathur, the Co-founder and CEO of Yobee, stated that Tradebox will simplify systematic trading to the level of convenience found in mutual fund investments. This will convert intricate trading into a user-friendly process, allowing individuals to capitalize on wealth-building opportunities on a weekly and monthly basis.
Puneet Gupta, the Digital Business Head of Nuvama Wealth, added, “Tradebox introduces a novel asset class in systematic trading, presenting investors and traders with unprecedented opportunities for portfolio diversification and enhancement. By leveraging the dynamic nature of the market, Tradebox empowers traders and investors to capitalize on short-term opportunities with agility and precision.”
Tradebox enables traders and investors to leverage the dynamic nature of the market and capitalize on short-term opportunities.
IBSi Daily News Analysis
October 03, 2023
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