NeoTrade Analytics, a startup which provides real-time data to traders for trading, has raised its first ever institutional funding of Rs. 1.5 crore from Bangalore-based startup incubator – Rainmatter.
The company plans to use the newly raised funding to build a comprehensive digitized trading solutions products which will help traders build strategies and double up on marketing efforts.
Founded by Vivith Kumar Lakshminarayan and Sharath Kumar S last year, the company is an authorized vendor of NSE and BSE, providing real-time data at affordable prices and consistent data quality and claims to have more than 1,000 traders registered on its platform.
The company has three products – Amibroker, Metastock, and Ninjatrader. It enable traders, especially engineers, to receive and access real-time data through their preferred programming language platform such as AFL, C++, Python, Perl, C, etc.
Its pricing starts from Rs. 1,000 per month for streaming intraday data for all F&O contracts and Equity & CDS contracts. Currently, the company is offering free 3 full days trial.