Understanding Autotrading in NSE Future markets

Currently NSE allows traders to do two types of autotrading from your Trading Terminal. Semiautomated trading for Retail Traders and Full Automated trading for Dealers with Nest Trading platform(Dealer Terminal).

For Retail Clients: The Buy/Sell signal from your Trading Analysis Terminal is converted as an order and reflects on your Nest Trading Terminal. The client will have to authorize this order after reviewing and this is placed on the exchange (semi-automated).

For Dealers: The Buy/Sell signal from your Trading Analysis Terminal is converted as an order and placed automatically on your Nest Trading Terminal(Dealer Terminal). This can be completely automated or semi-automated based on your requirement. You can determine if the order is limit/market and place a stop loss at the same time completely automated.

gfdl-nest_trading_plugin_how_it_works_3

How to Get a Dealer Terminal?

To completely automate you will need a dealer terminal. Exchanges don’t allow completely automated platform on a retail terminal.

To get a dealer terminal, you will need to become an authorized person with your broker and also clear the NISM-Series-VIII – Equity Derivatives Certification Examination . There will be a one time cost to register as an Authorized person(need to check with your broker) and a rental for dealer terminal of Rs 250/segment/exchange.

When Autotrading in NSE Exchange is illegal?

It would be considered as illegal if you are doing fully automated trading

1)without Proper NISM Certification exams.
2)Using unauthorized Trading Bridge (aka Robo Trading Softwares) placing auto orders (Fully Automated) in your Nest Terminal.

What Platforms currently Supports Autotrading?
TradeTiger from Sharekhan, Nest Plus from Omnesys, NSE Now

Which Trading Analysis Software Supports Autotrading?
Currently Amibroker Supports autotrading with a Trading Plugin from Globaldatafeeds and it supports Tradetiger and Nest Plus Trading Terminals.

Does my Broker Supports Algo trading?

A broker to enable algo trading for his client he has to keep 50 lakhs (Base minimum capital) as a deposit with NSE . Check with your broker if he placed Base minimum capital with the exchange

Does Marketcalls Provides Assistance for Autotrading?
Currently we are not providing assisting clients doing in autotrading segment. If you have any autotrading queries you can mail to rajandran@marketcalls.in

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Comments

  1. Shilpa says

    Hello Rajendran,

    Firstly I would like to congratulate for such a great website.The input are superb.I keep daily tab on the website.I would like to read on Nifty option on positional basis.Also how to carry out day trading in options.Is it advisable to go for options or futures??pls reply.
    Thanks for ur great support.

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