Indian Brokers offering Algo Trading to clients
- Thread starter Algo
- Start date
- Tags algo trading
Has anyone tried company by name SAHAJMONEY. They provide a completely integrated system for auto trading wherein you can trade in multiple scrips, multiple clients account with different settings even without opening a single chart on MT4. The limitation is that they have a tie up with broker Master Trust only and one has to open trading account with Master Trust.
Their coding and integration cost is reasonable.
Their coding and integration cost is reasonable.
Please share your email or mail me.I'll show you an affordable vendor.This offer is open to everyone here.
[email protected]
[email protected]
mail me at [email protected]
I can help you with technical stuff and it won't cost a dime.
I can help you with technical stuff and it won't cost a dime.
I have been doing fully automated trading for the last one year and have used all the vendors and three different brokers. I have accumulated a list of brokers offering Algo Trading capabilities and vendors they are associated with:
1. ShareKhan- Symphony (www.sharekhan.com)
2. Zerodha- Omnesys (http://www.zerodha.com/)
3. Mastertrust- Omnesys (http://mastertrust.co.in)
4. Phillip Capital- Symphony (http://www.phillipcapital.in/)
5. Destimoney Securities - Symphony (www.destimoney.com)
6. Composite Edge - Symphony (www.compositedge.com)
7. GRD Securities - Symphony (www.grdgroupz.com)
8. Sykes & Ray Equities- Symphony (www.sre.co.in)
All the brokers are having their own target market and both the vedors have their own capabilities:
1. Omnesys plugin/NEST- BENEFITS: It is a great software and beats symphony in the number of installations. It is very cheap (however if you include the total charges in a year's cycle, icluding data feed charges, hardware charges, brokerage etc. it comes near to symphony itself).
Some drawbacks include, custom strategy development will not be done by Omnesys itself but by other free lancers which reslut in lots of errors and headache. Also, Omnesys Plugin only sends the orders directly to exchange. With a trader like me who extracts maximum profits out of triggers generated from AmiBroker by custom bracket orders, trailing stop loss profit booking etc. it is not advisable because they cannot provide it.
2. Symphony- BENEFITS They have another great software presto which is customizable to the T. They seem to be winning the war of signing up with most retail brokers from omnesys and their development team develops the logic themselves. They also have complete open APIs if a trader is a programmer himself
confused. They can connect their algo platform with TradeStation, AmiBroker, MS Excel, MetaTrader etc with custom execution logic. Also, one thing, They can automatically send orders to multiple client accounts.
DRAWBACKS They seem to be expensive to some traders in first look, however, the custom offerings they offer and guidance given including paperwork, connection to broker, live feed from exchange via leaseline/vsat only they can do so. Another drawback is the development time they take. They take one month for developing any strategy which i believe is the biggest headache. Also, except composite edge, their other partner brokers like sharekhan or GRD has attitude issues and quite expensive.
SUMMARY:
If you are a small trader doing turnover between 2lac to 50 lac daily you should go ahead and immediately signup with Zerodha or mastertrust (You anyways will not have an execution logic to run with AmiBroker triggers)
If you a trader with turnover more than 50 lac per day and want custom Stoploss, Profit Target, trading in multiple client accounts etc., immediately sign up with symphony.
So let me know if i can claim myself to be an expert in automated trading of India. Personally i am passionate about auto trading and want to become superstar like other people in Traderji with more than 20 greenblocks or whatever that is. (Reposting in a new thread)
1. ShareKhan- Symphony (www.sharekhan.com)
2. Zerodha- Omnesys (http://www.zerodha.com/)
3. Mastertrust- Omnesys (http://mastertrust.co.in)
4. Phillip Capital- Symphony (http://www.phillipcapital.in/)
5. Destimoney Securities - Symphony (www.destimoney.com)
6. Composite Edge - Symphony (www.compositedge.com)
7. GRD Securities - Symphony (www.grdgroupz.com)
8. Sykes & Ray Equities- Symphony (www.sre.co.in)
All the brokers are having their own target market and both the vedors have their own capabilities:
1. Omnesys plugin/NEST- BENEFITS: It is a great software and beats symphony in the number of installations. It is very cheap (however if you include the total charges in a year's cycle, icluding data feed charges, hardware charges, brokerage etc. it comes near to symphony itself).
Some drawbacks include, custom strategy development will not be done by Omnesys itself but by other free lancers which reslut in lots of errors and headache. Also, Omnesys Plugin only sends the orders directly to exchange. With a trader like me who extracts maximum profits out of triggers generated from AmiBroker by custom bracket orders, trailing stop loss profit booking etc. it is not advisable because they cannot provide it.
2. Symphony- BENEFITS They have another great software presto which is customizable to the T. They seem to be winning the war of signing up with most retail brokers from omnesys and their development team develops the logic themselves. They also have complete open APIs if a trader is a programmer himself
confused. They can connect their algo platform with TradeStation, AmiBroker, MS Excel, MetaTrader etc with custom execution logic. Also, one thing, They can automatically send orders to multiple client accounts.DRAWBACKS They seem to be expensive to some traders in first look, however, the custom offerings they offer and guidance given including paperwork, connection to broker, live feed from exchange via leaseline/vsat only they can do so. Another drawback is the development time they take. They take one month for developing any strategy which i believe is the biggest headache. Also, except composite edge, their other partner brokers like sharekhan or GRD has attitude issues and quite expensive.
SUMMARY:
If you are a small trader doing turnover between 2lac to 50 lac daily you should go ahead and immediately signup with Zerodha or mastertrust (You anyways will not have an execution logic to run with AmiBroker triggers)
If you a trader with turnover more than 50 lac per day and want custom Stoploss, Profit Target, trading in multiple client accounts etc., immediately sign up with symphony.
So let me know if i can claim myself to be an expert in automated trading of India. Personally i am passionate about auto trading and want to become superstar like other people in Traderji with more than 20 greenblocks or whatever that is. (Reposting in a new thread)
can you help? also suggest the best software / broker /third party developer who can help me in doing this.
Hi,
Try www.compositedge.com . They have both semi-automatic as well as fully automatic trading . They can help you in integrating Amibroker.
Try www.compositedge.com . They have both semi-automatic as well as fully automatic trading . They can help you in integrating Amibroker.
For free education on Algo Trading interested traders can register for a free webinar at their website www.symphonyfintech.com
Agenda of Webinar on Tuesdays & Fridays:
1. Overview of Indian Algo Trading Market
2. Challenges/issues face by Asset Managers/Active Traders/PropDesks
3. Benefits gained by Automation via Presto ATS
4. Processes & regulations for Traders to do Algo Trading in India
5. Demo of our Pre-packaged sample Algos
6. Q&A session
They are also giving free trial session of some of their products.
Agenda of Webinar on Tuesdays & Fridays:
1. Overview of Indian Algo Trading Market
2. Challenges/issues face by Asset Managers/Active Traders/PropDesks
3. Benefits gained by Automation via Presto ATS
4. Processes & regulations for Traders to do Algo Trading in India
5. Demo of our Pre-packaged sample Algos
6. Q&A session
They are also giving free trial session of some of their products.
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