The C#. NET program used to power Protrader is already creating a buzz
Algo trading accounts for around 40 percent of the total turnover in the Indian Stock Markets. While market regulator, SEBI is yet to frame suitable guidelines for retail algo traders, the Indian exchanges continue to permit traders to execute fully automated strategies after meeting certain pre-defined criteria.
In the meanwhile, retail algo traders in India are looking for new avenues to automate strategies. While technical analysts generally prefer AFL’s to program their technical analysis strategy, those with programming skills and knowledge of quantitative analysis have a wide selection to choose from when it comes to developing algorithmic trading strategies for equities, commodities and currencies trading on the Indian financial markets.
However, one of the key issue capping the growth of the retail algo trading space are the costs. In addition to paying for third-party software’s, algo traders are burdened with additional costs linked to subscription of historical data, real- time feed, API’s and high brokerage charges.
All this is likely to terminate with the recent introduction of Protrader, a multi- asset trading platform which also features algorithmic trading for the large number of retail traders on the Indian financial markets. Programmers coding strategies to automatically execute trades will now have the choice of opting for one of the world’s most renowned programming tools for algorithmic trading, C#(C sharp).
A product of Microsoft, the programming language is built on the .NET framework and combines the computing power of C++, the programming ease of Visual Basic and features which are very similar to Java. In addition, the core syntax is similar to C, C++ and Java, which can be used to develop slick, robust codes to execute fully automated strategies on the Indian financial markets.
A look at some of the key features of the Protrader platform which should excite algo traders
- Back-test multiple scrips and multiple time-frames in one go
- Test indicators, strategies and scripts
- Strategy testing in visual/ non-visual mode
- Strategy optimization tool
- Graphic reports
- Online dictionary
- Import/ export strategy parameters
Protrader, launched by Compositedge for retail algo traders in the Indian financial markets is not only offering unrestricted access to the platform, but is also adding immense value by providing a large cache of historical data to back and forward test strategies. Traders and investors, irrespective of the complexity of their strategy can now code directly on the Protrader platform and automate trades without the additional burden of using API’s and subscribing to third party data vendors, thereby resulting in a speedy execution of trades and massive scale down in costs.