Thanks. Would I be able to do algo trading from my systems, as a retail investor in India? Would you have any pointers on this and how to go about doing this?
As of now retail investors cannot involve themselves in algo trading practically. Special direct routing Softwares need to be purchased/leased from NSEIT or some other institutions (would cost around 1lac per month min). Also, an office needs to be established within the NSE premises (order execution time should be less than 2milli seconds). Basic pattern of algo needs to be disclosed to NSE i.e., whether it is based on MA or EMA etc., Inspection will take place before the grant of license. However, there is one alternative which is opening account with interactive brokers with $25,000 equivalent. Little bit of programming knowledge will be helpful to set up the system.
Can you also give SL & Targets for each?
ReplyDeleteSL will be provided from the coming week onwards. Thanks for visiting.
ReplyDeleteThanks. Would I be able to do algo trading from my systems, as a retail investor in India? Would you have any pointers on this and how to go about doing this?
ReplyDeleteMurali.
As of now retail investors cannot involve themselves in algo trading practically.
ReplyDeleteSpecial direct routing Softwares need to be purchased/leased from NSEIT or some other
institutions (would cost around 1lac per month min). Also, an office needs to be
established within the NSE premises (order execution time should be less than 2milli
seconds). Basic pattern of algo needs to be disclosed to NSE i.e., whether
it is based on MA or EMA etc., Inspection will take place before the grant of
license. However, there is one alternative which is opening account with
interactive brokers with $25,000 equivalent. Little bit of programming knowledge
will be helpful to set up the system.