With significant volumes on the exchanges now being traded with the help of sophisticated algorithms, it is imperative that traders should be fully aware of the trading platforms that would enable them to implement their strategies and remain competitive.
Although India was not an early mover into the world of Algo trading, its popularity has been on a rise ever since SEBI allowed the usage of advanced technology to be followed by the equity markets. This has also created a need for software, tools, and platforms, which are being accessed by traders to perform the financial maneuverings. With many different trading platforms and tools available in the market, each claiming to be better than the other, a person who is testing waters in the field of Algo trading may be spoilt and confused by choice.
It is a premier algorithmic trading platform. It is capable of executing several strategies like basket trading, order slicing, 2L and 3L Spreading, the platform is quite versatile in its operation and empowers brokers to trade across various asset classes like Equities, Derivatives, Currency and Commodities.
A premier platform for trading algorithmically. Capable of executing several strategies like basket trading, order slicing, 2L and 3L Spreading, the platform is quite versatile in its operation and empowers brokers to trade across various asset classes like Equities, Derivatives, Currency and Commodities.
Nest Plus is an automated trading API provided by Omnesys and allows trading in semi-auto mode to retail clients and full-auto mode to sub-brokers. The trading terminal can be customized to include Market Watch, charts, or news control bar. NEST also comes along with a tool called Omnesys Nest Gate, that can be used to build extremely customized directional execution algorithms without writing a single line of code. It also has a real-time instrument and script based news provided in partnership with Dow Jones, which can be used judiciously by the traders for their decision making.
Used extensively by institutional brokers, it is gaining popularity among the retail clients. The cost of licensing the software for an annual subscription is Rs.
It offers bulk order entry, heatmap, conditional ticker, and smart order routing while integrating news modules from Dow Jones and Heckyl. FlexTrade is an industry pioneer and global leader in broker-neutral, execution and order management trading systems for equities, foreign exchange, options, futures and fixed income securities.
The solution allows the users to create, execute and monitor strategies for almost all possible market situations for all the Markets viz. Each favorable market condition serves as a trigger for order execution using the AlgoNomics platform.
AlgoNomics provides for running of multiple strategies simultaneously, maximizing the organizational objective of reducing transaction cost and trading smartly for optimum profitability.
MetaTrader 5 is an institutional multi-asset platform offering outstanding trading possibilities and technical analysis tools, as well as enabling the use of automated trading systems trading robots and copy trading.
MetaTrader 5 allows freedom of movement to the full extent — you can stay active while trading from smartphones and tablets. The Web Platform allows you to work from any web browser and any device. Additional services expand the functionality of the platform making its capabilities almost limitless.
MetaTrader 5 offers the built-in Market of trading robots, the Freelance database of strategy developers, Copy Trading and the Virtual Hosting service.
A lot of these above-mentioned algorithmic trading platforms are comprehensive and come with their own charting platforms, smart order routing, fetching the real time tick by tick feed from NSE and sophisticated risk management rules. Therefore, some alternatives have emerged to mitigate the financial risk of the traders in terms of capital cost. Here is a snapshot of some of the most popular ones.
Of course, just having AmiBroker will not be of use, since the data has to be purchased from authorized data vendors, the cost of which can range between Rs. AmiBroker is equipped with a powerful formula language called AmiBroker Formula Language AFL , allowing you to write trading system rules, define your own indicators and custom commentaries.
A peer of Amibroker, it is developed for traders interested in futures and forex markets. The platform is free to use for advanced charting, strategy backtesting, and trade simulations. The platform gives the flexibility of several 3rd party indicators and strategies for the users to meet their own requirements. Another very popular platform for trading in various asset classes, with customizable trading tools. With the knowledge of algorithmic trading platforms and tools in place, you are now ready to jump into the world of Algo trading and delve deeper into the financial marketplace.
You are free to ask him all your queries pertaining to the sector. Going by experience and the feedback we receive from our course participants, your doubts shall be done away in no time. Click here to register now! What language do they used to develop the Software? Its the best Algo Trading Platform in India and when it comes to Option strategies, no one comes near it. I am using Greek Algo for several years and have used others in the list above.
Must say Greek always comes up with new features beneficial for Traders. Omensys is pathetic when it comes to after sales support whereas Greeksoft has an active team which gives decent Support. It is definitely worth trying them and you will see the difference. When I contacted Greeksoft, they said it is not available for retail trader? R u retailer or broker? Hi Ravi Did you get feedback from greeksoft existing clients?
Kindly share to me as well. Does these softwares web based or Desktop based. Is there any software among these which i can use, where in i can define my strategy once, and it will trade everyday based on the strategy. No need to login daily , for busy people who cant start software everyday, monitor while office hours, etc? Yes, you can customize your strategy with some of the platform providers mentioned in the blog and can set up it on cloud. Click the following link for a free demo: Your email address will not be published.
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