| November 24
How Algo Trading Software in India are Powering the Stock Market Trading
technological advancements are incorporated in almost every sector, the stock
market is no exception. It utilizes Algo
trading software for executing trades automatically in the financial
market. The software is usually programmed with an algorithm that uses
algorithms and data from the past to predict what will happen in the future. It
is designed to take into account market conditions, economic trends, and other
factors to maximize returns for the investor. This blog has listed down the
five best Algo trading software in India
and where you can find them.
Four best Algo trading software in India
stepping into the world of Algo trading, picking the best Algo trading software in India is vital for maximum benefits.
Here are the top four algorithmic software solutions which you can give a shot
at through Findoc. Let us dive deep and learn about each of them:
1 XTS (Symphony): It is an advanced system for multi-asset trading in varied
financial markets and lets you streamline everything related to the retail and
institutional trading business. XTS aims to boost efficiency, transparency, and
performance to provide you a competitive edge in the stock market.
This algorithmic trading software comprises progressive
front-ends like mobile, web, and TWS, alongside OEMS or order execution
management systems. Besides, it offers a risk management system, connectivity
for direct exchange, compliance management, and market analytics. XTS monitors
and reports extensively to provide a unified trading experience and interface
across versatile exchanges and liquidity providers.
2 Greek: It enables trading hassle-less, especially between two
different stock exchanges, with its cash-to-cash strategy. The users can trade
in equities across inter-exchange dissemination with few clicks and minimum
adjustments in the strategy. The Greek's unswerving algorithm facilitates
portfolio management without any hassle.
Once you have determined and fixed the desired algorithm
parameters, Greek looks after the execution alongside the hedging of the funds.
Using this software automatically mitigates the loss, targeting and positioning
the size of every trade. Hence, you can buy the stocks at lower prices and sell
them at higher ones. It is beneficial for technical traders, jobbers, intraday
traders, and traders that require resistance or support.
3 Omnesys: It is one of the top front-runners in the segment of
proprietary trading. It offers diversified programming models to assist
traders/programmers regarding strategy development and tactical
decision-making. The best aspect of this software is its user-friendliness. You
can assess it with optimal convenience due to its compatibility with a laptop,
mobile, and other gadgets. Omnesys lets you view and evaluate the details of
your investments and trading around the clock.
This algorithm software comprises all the vital tools
required to facilitate crucial trading functions. Likewise, it offers order
management, automated, Algo-driven trading, intelligent order routing, and
direct accessibility to the market. Apart from these, Omnesys provides
back-office solutions and refined risk management in a single platform for
4 UTrade: This software can execute trades within ten microseconds
without compromising consistency or reliability. It aids you in trading across
equities, FX, commodities, futures, options (F&O), and other listed assets
through the global stock exchanges.
UTrade comes with more than fifty services encircling
algorithmic trading with built-in multiset strategies concerning arbitrage,
market analysis, and trade execution. Its system is also compatible with
intelligent order routing, TBT or tick-by-tick data subscriptions, managing
large trades execution, and block trading. Besides these, UTrade supports
portfolio management, historical back testing, trade simulation, and many other
solutions associated with the capital market.
What are the varied strategies leveraged by algorithmic trading
strategies used by Algo trading software
in India can be classified into two types: pre-programmed strategies and
adaptive strategies. Pre-programmed strategies are pre-determined rules that
are programmed into the algorithm. Adaptive strategies, on the other hand, are
algorithms that change their parameters based on changes in market conditions.
The aforementioned Algo trading software
variants, which are deployed by Findoc, use the following strategies:
1 HFT Scalping: This strategy focuses on making money for the investor by
taking advantage of small price fluctuations in the market while minimizing
risk exposure. It is a profitable investment strategy for short-term trading in
the stock market. It helps identify opportunities in the market at shorter time
2 Quote-Based Strategies: It considers price quotes to identify trading
opportunities. The idea is to buy stocks when they are trading at a low price
and sell them when they are trading at a high price. This strategy can be
applied to both individual stocks and stock indices.
3 Bidding Based on Implied
Volatility (IV): Implied volatility is a measure of
the market's expectations of the future price movement of a particular asset.
The more volatile the stock, the higher its implied volatility will be, and
vice versa. This strategy enables bidding based on the investor's defined IV on
Option Instrument and hedges it in the future, options, or equity.
4 Arbitrage Opportunities: They aid investors in making money by taking advantage of
price differences between two or more markets. The most common arbitrage
opportunities are currency arbitrage, interest rate arbitrage, and commodity
5. Statistical Arbitrage: It involves taking advantage of slight price differences
in securities or financial instruments related to the same underlying asset.
The basic idea behind this strategy is that if you can find security with a
lower average price than another security, you can buy it and sell it later at
a higher price. This will result in a profit when the security's average
selling prices converge back to their normal levels.
How to make the most out of an Algo trading desk?
first step is to select the ideal platform, such as Findoc, and open your DEMAT
account to begin with Algo trading. Here are the following benefits this
trading platform offers:
1 Live demo regarding algorithmic trading and strategies
2 Training related to software applications and executing
3 Strategy building and risk mitigation
4 Boot camps and training sessions
with market experts and professional traders
you want to reap optimal benefits out of Algo trading, Findoc is a great
platform, to begin with. This trading platform offers comprehensive assistance
to investors by educating and backing them up on algorithmic trading, pumping
their funds into profitable financial assets.