FAQ
We want to make your experience with our platform as smooth as possible, here are some questions you might be having and answers to them
What is algo trading?
Algo trading, also known as algorithmic trading is a process of automating your financial trading activities using automated software that works on pre-programmed trading instructions.
How does algo trading software work?
Algo trading allows traders to set their own algorithms to buy and sell orders in their desired circumstances. Algo trading automatically places orders for you, so you don’t need to monitor live prices of stocks manually. This ensures that you don’t miss any good trading opportunity.
Can you make money with Algorithmic Trading?
Yes, it is possible to make money with algorithmic trading. Algorithmic trading can provide a more systematic and disciplined approach to trading. which can help traders to identify and execute trades more efficiently than a human trader could. Algorithmic trading can also help traders to execute trades at the best possible prices and to avoid the impact of human emotions on trading decisions.
Is algo trading legal?
Yes, algo trading is completely legal in India. It was officially introduced by SEBI in 2008 in India for institutional investors. There are no rules or laws that limit the use of trading algorithms. Some investors may contest that this type of trading creates an unfair trading environment that adversely impacts markets. However, there’s nothing illegal about it.
Is algo trading free in India?
No, It’s not free in India. It depends on the platform that you are using, the cost can go upto ₹21000.
How much does algorithmic trading software cost?
Algorithmic trading software cost starts from ₹9000 and might go up to ₹21000.
Is algo trading profitable?
Yes, if you follow the right things such as proper back testing and risk management techniques.
How Does NSE Encourage Algo Trading in India?
There are several ways in which NSE facilitates algo trading with the help of algo software from third parties. Let’s have a look at some of the ways:
- NSE provides all the required data to algo vendors and traders after assessing the market’s current status and historical data, if required.
- NSE conducts research using the best research tools and packages that help traders to make the best trading strategies and ideas.
- Further, NSE makes algorithms easy for traders. With automated software traders can easily create strategies even without having the knowledge of step-by-step coding.
- NSE provides important historical data and other datasets for the back testing of financial strategies.
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