ANGEL BROKING

Angel Broking offers products such as Angel Eye, Angel SpeedPro, Angel Trade and Angel Swift[12] for online trading. Angel Eye is a browser trading application; SpeedPro is a trading platform application;[13] Angel Trade offers an online trading platform for share investors, while Swift consists of a trading app for small devices.[14][15][16]

Angel broking app has been incorporated with a machine learning technology called ARQ, that keys in upto billion data points and uses advanced nature-based algorithms, quantitative analysis and the Nobel-prize winning Modern Portfolio Theory [17] to enable personalized investment advice to help users get better returns on their investments. ARQ is based on a model whose performance has been optimized to provide recommendations with high outperformance and strike rates. The model has been tested using scientific back-testing and has also been validated based on its track record.[18]

History

Entrepreneur Dinesh Thakkar started his business in 1987 with a capital of Five Lakhs Indian Rupees and lost half of the money within eight months. In 1989, he started off again as a sub-broker.[19] Later, Angel Broking was incorporated as a wealth management, retail and corporate broking firm in December, 1997.[20] In November 1998, Angel Capital and Debt Market Ltd. gained membership of National Stock Exchange as a legal entity.[21] The company opened its commodity broking Division in April, 2004.[22] In November 2007, Birla Sun Life Insurance joined hands with Angel Broking for distribution of its insurance products.[clarification needed][23] In 2007 the World Bank arm International Finance Corporation bought 18% stake in Angel Broking.[24]

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