Any rumor or news can break out from any source. As highlighted in our previous blog post, A Needle in the Digital Haystack, spotting opportunities from these new data sets is very valuable. A trading opportunity can come from any source at any time, which makes it necessary to track a huge number of sources but also filter out noise at the same time.
15-Minutes Built Up Screen
In today’s edition of our Glassdoor Friday we are featuring 15-Minutes Built Up Screen – a unique tool in our derivative analytics product designed to spot price trends in real-time. This screen gives a snapshot every 15 minutes of whether the long or short positions were created in a particular stock or an index. It analyses the open interest (OI) position in real time and gives a breakup of fresh and square-off contracts along with volumes.
Short selling is always considered to be a risky bet and retail participants tend to stay away from it. However, using our distinct tool, one can spot where the short or long positions are created in real-time by looking at fresh and square-off contracts along with the movement in price and volume. It not only helps you to make timely entry but also indicates you when to exit from your long or short positions.