Algo trading in India hits 50 percent market turnover

Compositedge continues to remain at the forefront of the retail algo trading community

 

Since its launch in 2010, the retail algo trading space in India has been expanding by leaps and bounds and if the recent stats from NSE are anything to go by, algorithmic trading in India now accounts for about 50 percent of the total market turnover, an exponential rise from just about 10 percent, eight years back. All this in spite of lack of awareness among retail traders, including specialized skills to analyse, code, back test and optimize strategies.
In addition, SEBI’s recent directive to exchanges to introduce shared co-location services is expected to drastically bring down algo trading costs as the unusually high overheads associated with brokers maintaining their servers at the co-location racks of exchanges will witness a sharp fall, encouraging small and mid- sized brokers to also opt for the space to ensure quick access to prices by leveraging technology. The outcome would not only lead to low latency trades resulting in higher profits, it would also encourage a large number of retail investors and traders to switch to algo trading.

Source: Compositedge Protrader platform

We at Compositedge have been providing algo trading platforms to our retail clients since 2014 and are constantly upgrading our systems to embrace the latest advances in automated trading technology, which will not only result in speedy execution of trades, but will ensure clients have access to the best algo platforms in the country.

Our recent launch, Protrader, is a multi- asset trading platform which includes automated trading as a separate process, thus allowing it to function independently from the main application. Retail algo traders can now execute one-touch trades on one the world’s most renowned programming tools for algorithmic trading, C#(C sharp) from Microsoft. The program, built on the .NET framework combines the computing power of C++, coding ease of Visual Basic and features very similar to Java, which traders can effectively use to develop slick, robust automated strategies on the Indian financial markets. The Protrader algo trading platform also comes with a number of features which should excite traders. Some of them are highlighted below

  • Back-test multiple scrips and time-frames in one go
  • Testing strategies in visual/ non-visual mode
  • Optimization tool
  • Graphic reports
  • Online dictionary
  • Debugger
  • Ability to import/ export strategy parameters
  • Readily to use historical data

As an additional feature, algo traders can access SOURCE CODES for hundreds of strategies developed for alternate asset classes in addition to a large cache of historical data to back test and optimize strategies. Traders and investors, irrespective of the complexity of their strategy can now code directly on the Protrader platform and automate trades without the burden of using API’s and subscribing to third party data vendors for real-time market data, ensuing not only speedy execution of trades but massive scale down in costs.

Sign-up for FREE to view the features of our trading platform and to paper trade or OPEN YOUR ACCOUNT to access Protrader for real-time markets.

 

Compositedge, incorporated in 1995, is a leading discount broker and a provider of algo trading solutions for retail customers in India. Headquartered in Bangalore, we provide the internationally acclaimed Protrader platform, which comprises of charts, scalper, matrix, grid, time & sales, market-depth and options master in addition to the state of the art algo trading platform. We combine discount broking and algo trading solutions to ensure all our retail clients experience the finest trading amenities at affordable costs.