11/4/2014 Understanding Autotrading in NSE Future markets

http://www.marketcalls.in/algo­trading/understanding­autotrading­nse­future­markets.html 1/8

You are here: Home / Algo Trading / Understanding Autotrading in NSE Future markets

Understanding Autotrading in NSE FuturemarketsNovember 1, 2013 by Rajandran R — 4 Comments

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

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

For Dealers: The Buy/Sell signal from your Trading Analysis Terminal is converted as an order and placedautomatically 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 lossat the same time completely automated.

SOFTWARE FUTURES AND OPTIONS COMMODITIES FOREX ECONOMY

TRADING LESSONS

Search the site ...HOME ABOUT SERVICES SIGNALS TOOLS

YOUR BROKER COMMUNITY SOCIAL

11/4/2014 Understanding Autotrading in NSE Future markets

http://www.marketcalls.in/algo­trading/understanding­autotrading­nse­future­markets.html 2/8

How to Get a Dealer Terminal?

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

To get a dealer terminal for NSE/BSE Segments, you will need to become an authorized person with yourbroker and also clear the NISM-Series-VIII – Equity Derivatives Certification Examination . Whereas thereis no such procedure for MCX. There will be a one time cost to register as an Authorized person(need tocheck with your broker) and a rental for dealer terminal of Rs 250/segment/exchange.

Does the Exchange has to provide the Approval for Full Algo Trading?

Yes you need to perform a UAT test with the NSE exchange to get your algo approved.

Process involved in getting a Approval

1)First your Strategy should be validated by a CA. This will cost around Rs 2500/strategy.2)The strategy has to now be tested on the exchange UAT (User Acceptance Testing) site and byparticipating in the mock trading sessions conducted by the exchange. There would be a rental charge ofRs 2500/month charged for using the simulators.3)One the demo is provided to the exchange and approved, you can automate the strategy. The entireprocess can take up to 1 month.4)Cost of automation if you are using AmiBroker is Rs 6,000/month(Omnesys API for Dealer terminal) andno one time cost.5)Cost of automation if you are using a custom front end is Rs 12,000/month and a one-time cost of Rs30,000. Currently Omnesys Dealer API’s which send order to your brokers Order Management Systemssupports Java, .NET, COM and XML APIs.

When Autotrading in NSE Exchange is illegal?

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

11/4/2014 Understanding Autotrading in NSE Future markets

http://www.marketcalls.in/algo­trading/understanding­autotrading­nse­future­markets.html 3/8

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 supportsTradetiger 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 depositwith 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 autotradingqueries you can mail to rajandran@marketcalls.in

Related Readings and Observations

Share this:

Email Facebook Twitter Google Print

Filed Under: Algo TradingTagged With: Algo Trading, Algotrading, Amibroker, Autotrading, Dealer Terminal, Dealers, Nest Plus, NEST TradingTerminal, Retail Traders, Tradetiger

NestRTD – Nest/Now to Amibroker Feeder – Open Source (GPL) Amibroker Feeder is a C++ RTD client for

Nest/NOW which Feeds realtime data to Amibroker. This utility also included a basic backfill tool to import VWAP statistics / Nest

Plus Data table.

Why Algo Traders Stay Away From Traditional Trading Platforms? The so called Quant or Algo traders prefers to

stay mostly away from Traditional trading platforms like Amibroker, Ninjatrader, Metatrader, Metastock, Tradestation etc. Do you

know why?

The Moving Average Cross Strategy – 3 Common Implementation Mistakes While Implementing algotrading

strategies we see several very common mistakes by the coders even in the most basic strategies. we wanted to start by helping users

avoid these common […]

Coimbatore Amibroker Workshop – Photo Gallery First of all I personally thank Mr Ravi Shengodan (Brokerage Free) AP

of Zerodha for organising this workshop neatly and done lots of efforts in the backend to make this event successful […]

11/4/2014 Understanding Autotrading in NSE Future markets

http://www.marketcalls.in/algo­trading/understanding­autotrading­nse­future­markets.html 4/8

About Rajandran RRajandran is a trading strategy designer and founder of Marketcalls, a hugelypopular trading site since 2007 and one of the most intelligent blog in the world

to share knowledge on Technical Analysis, Trading systems & Trading strategies.

Comments

Shilpa saysNovember 6, 2013 at 4:25 pm

Hello Rajendran,

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

Reply

Kishor saysNovember 7, 2013 at 6:19 am

How to become an authorized person with broker ?Do you know broker offering dealer terminal?Thanks

Reply

Rajandran R saysNovember 7, 2013 at 1:32 pm

You need to check with your broker. We dont have any interface with brokers as of now.

11/4/2014 Understanding Autotrading in NSE Future markets

http://www.marketcalls.in/algo­trading/understanding­autotrading­nse­future­markets.html 5/8

Reply

sumit saysNovember 14, 2013 at 10:34 am

hi

which brokers are providing facility of algo trading to the clients

regards

sumit

Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

Name *

Email *

Website

Comment

11/4/2014 Understanding Autotrading in NSE Future markets

http://www.marketcalls.in/algo­trading/understanding­autotrading­nse­future­markets.html 6/8

POST COMMENT

Notify me of follow-up comments by email.

Notify me of new posts by email.

EMAIL NEWSLETTER

Sign up to receive email updates onlatest trading strategies , analysis &financial market updates

E-Mail Address

SUBSCRIBE

AMIBROKER UPDATES

Last Five Trades ResultDashboard – AFL code

October 24, 2014 By Rajandran R — 3Comments

11/4/2014 Understanding Autotrading in NSE Future markets

http://www.marketcalls.in/algo­trading/understanding­autotrading­nse­future­markets.html 7/8

Supertrend High-LowBreakout Strategy –Amibroker AFL code

October 3, 2014 By Rajandran R — 8Comments

Now Amiquote 3.10supports Quandl asDatafeed

September 17, 2014 By Rajandran R— 2 Comments

NestRTD – Nest/Now toAmibroker Feeder –Open Source (GPL)

September 17, 2014 By Rajandran R— 40 Comments

How to Setup and RunAmibroker in AmazonAWS Cloud

September 15, 2014 By Rajandran R— 12 Comments

METATRADER UPDATES

What New in MetaTrader 4 (MT4)Build 600 upgrade

February 7, 2014 By Rajandran R — 11 Comments

11/4/2014 Understanding Autotrading in NSE Future markets

http://www.marketcalls.in/algo­trading/understanding­autotrading­nse­future­markets.html 8/8

Bangalore Seminar :Trading Futures withMetatrader 4

December 2, 2013 By Rajandran R— 19 Comments

How does VPS works inAutotrading?

October 4, 2013 By Rajandran R — 14 Comments

MQL4 and MQL5 CrossCompiling onMetaTrader

September 17, 2013 By Rajandran R— 2 Comments

How to Get BitcoinRealtime Charts inMetaTrader 4

August 2, 2013 By Rajandran R — 6Comments

© Copyright 2014 Marketcalls Financial Services Pvt Ltd · All Rights Reserved · And Our Sitemap · All Logos &

Trademark Belongs To Their Respective Owners·

Data and information is provided for informational purposes only, and is not intended for trading purposes. Neither

marketcalls.in website nor any of its promoters shall be liable for any errors or delays in the content, or for any

actions taken in reliance thereon.