Latest news with #Shoonya
Business Standard
21-05-2025
- Business
- Business Standard
Shoonya Upgrades to Trading-cum-Clearing Member (TM-CM) on MCX
PRNewswire Mohali (Punjab) [India], May 21: Shoonya by Finvasia has officially announced its upgrade from a Trading Member (TM) to a Trading-cum-Clearing Member (TM-CM) on the Multi Commodity Exchange (MCX). The transition took place after market hours on Friday, May 16, 2025, and has been fully operational from Monday, May 19, 2025. This milestone marks a significant enhancement in Shoonya's operational capabilities. By becoming a TM-CM, Shoonya will now clear all MCX trades internally without the involvement of any external clearing member. The clearing cost has now been reduced from Rs. 50 per crore to Rs. 0. The move reflects the company's long-term strategy to build stronger back-end efficiencies while extending the benefits directly to its users. Speaking on the development, Sarvjeet Singh Virk, Co-founder and Managing Director of Finvasia, said, "At Shoonya, our mission has always been to make investing affordable and efficient for every Indian. Upgrading to a TM-CM on MCX is a key milestone in that journey, one that eliminates clearing costs and enables faster, and secure settlements. It is yet another example of how we're investing in technology and tech-related solutions to deliver a simplified, intuitive and frictionless user experience." There will be no impact on users during this transition. All open positions, holdings, deposits, and trading access will remain unchanged. This upgrade underscores Shoonya's vision of delivering a modern investment experience where efficiency, transparency, and long-term value come standard. About Shoonya by Finvasia Shoonya by Finvasia is a multi-asset trading platform, boasting low commission across 16 investing touch-points like clearing, technology, monthly maintenance etc. Placing customer experience at the core, the distinctive platform offers data-powered signal-based analysis to help investors and traders identify the best investment opportunities and make informed decisions. This focus has driven customer preference as the platform's active user base more than doubled in FY2023, which now stands at over 4 lakhs. The platform is one of the few non-bank clearing members in India, clearing and settling trades executed by Trading Members (TMs) and Foreign Portfolio Investors (FPIs) in Equity, Futures Options and Currency Derivatives segments on NSE, BSE, MCX and NCDEX. Shoonya was founded by Sarvjeet Virk (MD) and Tajinder Virk (CEO), Ex-Wall Street Professionals, with deep financial expertise. They envisioned to empower Indian traders and investors by enabling them to make smart financial decisions and achieve investment goals through an innovative and user-friendly trading platform. The company received FDI funding from some of the industry's notable Venture Capitalists against a valuation of INR 1.5 Billion in 2016, which enabled it to achieve its guiding mission to cut the cost that makes trading expensive and offer technology-driven financial services to its clients. Website:
Business Upturn
21-05-2025
- Business
- Business Upturn
Shoonya Upgrades to Trading-cum-Clearing Member (TM-CM) on MCX
MOHALI, India , May 21, 2025 /PRNewswire/ — Shoonya by Finvasia has officially announced its upgrade from a Trading Member (TM) to a Trading-cum-Clearing Member (TM-CM) on the Multi Commodity Exchange (MCX). The transition took place after market hours on Friday, May 16, 2025 , and has been fully operational from Monday, May 19, 2025 . This milestone marks a significant enhancement in Shoonya's operational capabilities. By becoming a TM-CM, Shoonya will now clear all MCX trades internally without the involvement of any external clearing member. The clearing cost has now been reduced from Rs. 50 per crore to Rs. 0. The move reflects the company's long-term strategy to build stronger back – end efficiencies while extending the benefits directly to its users. Speaking on the development, Sarvjeet Singh Virk , Co-founder and Managing Director of Finvasia, said, 'At Shoonya, our mission has always been to make investing affordable and efficient for every Indian. Upgrading to a TM-CM on MCX is a key milestone in that journey, one that eliminates clearing costs and enables faster, and secure settlements. It is yet another example of how we're investing in technology and tech-related solutions to deliver a simplified, intuitive and frictionless user experience.' There will be no impact on users during this transition. All open positions, holdings, deposits, and trading access will remain unchanged. This upgrade underscores Shoonya's vision of delivering a modern investment experience where efficiency, transparency, and long-term value come standard. About Shoonya by Finvasia Shoonya by Finvasia is a multi-asset trading platform, boasting low commission across 16 investing touch-points like clearing, technology, monthly maintenance etc. Placing customer experience at the core, the distinctive platform offers data-powered signal-based analysis to help investors and traders identify the best investment opportunities and make informed decisions. This focus has driven customer preference as the platform's active user base more than doubled in FY2023, which now stands at over 4 lakhs. The platform is one of the few non-bank clearing members in India , clearing and settling trades executed by Trading Members (TMs) and Foreign Portfolio Investors (FPIs) in Equity, Futures Options and Currency Derivatives segments on NSE, BSE, MCX and NCDEX. Shoonya was founded by Sarvjeet Virk (MD) and Tajinder Virk (CEO), Ex-Wall Street Professionals, with deep financial expertise. They envisioned to empower Indian traders and investors by enabling them to make smart financial decisions and achieve investment goals through an innovative and user-friendly trading platform. The company received FDI funding from some of the industry's notable Venture Capitalists against a valuation of INR 1.5 Billion in 2016, which enabled it to achieve its guiding mission to cut the cost that makes trading expensive and offer technology-driven financial services to its clients. Website: View original content: Disclaimer: The above press release comes to you under an arrangement with PR Newswire. Business Upturn takes no editorial responsibility for the same.
Yahoo
21-05-2025
- Business
- Yahoo
Shoonya Upgrades to Trading-cum-Clearing Member (TM-CM) on MCX
MOHALI, India, May 21, 2025 /PRNewswire/ -- Shoonya by Finvasia has officially announced its upgrade from a Trading Member (TM) to a Trading-cum-Clearing Member (TM-CM) on the Multi Commodity Exchange (MCX). The transition took place after market hours on Friday, May 16, 2025, and has been fully operational from Monday, May 19, 2025. This milestone marks a significant enhancement in Shoonya's operational capabilities. By becoming a TM-CM, Shoonya will now clear all MCX trades internally without the involvement of any external clearing member. The clearing cost has now been reduced from Rs. 50 per crore to Rs. 0. The move reflects the company's long-term strategy to build stronger back-end efficiencies while extending the benefits directly to its users. Speaking on the development, Sarvjeet Singh Virk, Co-founder and Managing Director of Finvasia, said, "At Shoonya, our mission has always been to make investing affordable and efficient for every Indian. Upgrading to a TM-CM on MCX is a key milestone in that journey, one that eliminates clearing costs and enables faster, and secure settlements. It is yet another example of how we're investing in technology and tech-related solutions to deliver a simplified, intuitive and frictionless user experience." There will be no impact on users during this transition. All open positions, holdings, deposits, and trading access will remain unchanged. This upgrade underscores Shoonya's vision of delivering a modern investment experience where efficiency, transparency, and long-term value come standard. About Shoonya by Finvasia Shoonya by Finvasia is a multi-asset trading platform, boasting low commission across 16 investing touch-points like clearing, technology, monthly maintenance etc. Placing customer experience at the core, the distinctive platform offers data-powered signal-based analysis to help investors and traders identify the best investment opportunities and make informed decisions. This focus has driven customer preference as the platform's active user base more than doubled in FY2023, which now stands at over 4 lakhs. The platform is one of the few non-bank clearing members in India, clearing and settling trades executed by Trading Members (TMs) and Foreign Portfolio Investors (FPIs) in Equity, Futures Options and Currency Derivatives segments on NSE, BSE, MCX and NCDEX. Shoonya was founded by Sarvjeet Virk (MD) and Tajinder Virk (CEO), Ex-Wall Street Professionals, with deep financial expertise. They envisioned to empower Indian traders and investors by enabling them to make smart financial decisions and achieve investment goals through an innovative and user-friendly trading platform. The company received FDI funding from some of the industry's notable Venture Capitalists against a valuation of INR 1.5 Billion in 2016, which enabled it to achieve its guiding mission to cut the cost that makes trading expensive and offer technology-driven financial services to its clients. Website: View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Khaleej Times
28-02-2025
- Business
- Khaleej Times
Finvasia: Innovating across finance, healthcare, and beyond
When Sarvjeet and Tajinder Virk founded Finvasia in 2009, they weren't just building a company - they were challenging the way industries operate. What started as a fintech venture has grown into a global powerhouse spanning financial services, healthcare, biomedical engineering, and investment banking. With over five million clients in 190+ countries, Finvasia's disruptive products are reshaping markets, making them more accessible, transparent, and technology-driven. But Finvasia is not just another company - it's an ecosystem of innovation. Whether it's revolutionising stock trading, copy trading, AI-driven banking, medicine derived from food, or wearable biosensors, the company is proving that real-world problems need interdisciplinary solutions. Shoonya: The Zero-Commission Trading Disruptor If there's one product that put Finvasia on the map, it's Shoonya - India's first truly zero-commission trading platform. Launched to democratise investing, Shoonya disrupted the brokerage industry by eliminating trading fees across equities, commodities, derivatives, and currencies. For traders, this meant more than just savings - it meant unrestricted access to markets without hidden costs. As a result, Shoonya has seen exponential adoption, attracting millions of retail investors and forcing traditional brokers to rethink their pricing models. ZuluTrade: Social trading on a $2 trillion scale On the global stage, Finvasia expanded into social trading with the acquisition of ZuluTrade in 2021. Founded in 2007, ZuluTrade has facilitated over $2 trillion in trades and serves users in 150+ countries. ZuluTrade is not just a copy-trading platform - it's an ecosystem where traders, investors, and brokers connect. Under Finvasia's leadership, the platform is evolving beyond copy trading, integrating AI, risk analytics, and user-driven enhancements to make investing more collaborative and data-driven. Jumpp: AI-Powered Neo-Banking for the future Traditional banking is complex, fragmented, and outdated - Finvasia's answer to this? Jumpp. Jumpp is an AI-driven neo-banking super app that combines banking, savings, payments, investing, and lending into a single, intelligent platform. Unlike traditional apps, Jumpp isn't just about transactions - it's about financial empowerment. Using multilingual AI, it provides spending insights, budgeting recommendations, and personalised financial strategies. Built in collaboration with YES Bank, Jumpp is not just another fintech app - it's a step toward fully automated, user-centric banking. Ethniq: Transforming medicine Through Food Science What if food could be medicine - literally? That's the philosophy behind Ethniq, a pioneering venture that develops pharmaceuticals derived from natural food sources. Unlike traditional drug development, Ethniq creates plant-based, scientifically validated medicines. With 10 products already approved by FSSAI and AYUSH India, Ethniq is leading a new frontier in holistic healthcare. It has also received a patent for one of its innovative medicines and is awaiting approval for several others. This approach is not just about treating diseases but preventing them - a radical shift in how medicine is developed and consumed. ActTrader: A powerhouse in trading technology With financial markets evolving rapidly, professional traders demand high-performance trading platforms. Finvasia's ActTrader is exactly that - a battle-tested, institutional-grade trading technology that has powered global financial institutions for over two decades. Designed for high-frequency traders and institutional investors, ActTrader ensures seamless execution, algorithmic trading, and multi-asset support, making it a critical pillar in Finvasia's financial ecosystem. Bodyloop: The future of biomedical engineering Wearable health trackers are common - but what if your body itself could monitor its health? Bodyloop is bringing that vision to life. Finvasia is developing 'in-body' microsensors that will allow real-time, continuous monitoring of vital health parameters. This cutting-edge biomedical engineering project aims to revolutionize early disease detection and patient care, taking personal healthcare beyond wearables and into seamless, real-time bio-monitoring. Gini Health: A DNA-based approach to diabetes reversal Prevention is better than cure, but what if chronic diseases like diabetes could be reversed? Gini Health is an innovative DNA-based and diabetes reversal healthcare facility that provides end-to-end treatment, from ICU to OPD. By integrating genomics, AI-driven diagnostics, and precision medicine, Gini Health creates personalised treatment plans aimed at reversing diabetes, rather than just managing it. This science-driven, patient-centric approach makes Gini Health a game-changer in tackling one of the world's biggest health crises. A global financial and investment banking powerhouse Beyond fintech and healthcare, Finvasia is deeply entrenched in global finance, with brokerage and investment banking operations spanning Mauritius, UAE, South Africa, and the EU. Its brokerage platforms serve retail and institutional clients, providing low-cost, high-efficiency trading solutions. Meanwhile, its investment banking arm focuses on capital markets, structured finance, and strategic advisory services, solidifying Finvasia's reputation as a serious player in global finance. What's next for Finvasia? Few companies can claim expertise across financial services, AI, medicine, and biomedical engineering - but Finvasia thrives on breaking boundaries. With ongoing patents, rapid global expansion, and cutting-edge technology in multiple industries, Finvasia is not just shaping the future - it's creating it. Whether it's making trading free, revolutionising banking, redefining medicine, or pioneering bio-sensing technology, the company is proving that the most disruptive innovations happen when industries intersect. As Finvasia continues to grow, one thing is clear: this isn't just a company to watch - it's one that's changing the way we think about finance, health, and technology altogether.
