Algo Trading Software

Having a keen interest in Algo Trading will automatically give rise to a question- Which is the best Algo Trading software in India?

After a long research on Google and other search engines, you will still be doubtful about the same. But, it’s your lucky day! 

Today, through this document, we are making your research work hassle-free and less exhausting, as we are sharing 5 Best Algo Trading Software in India.

Many investors and traders believe that the Algo Trading Software Streak is positively excellent. 

But, let’s not be biased and so quick in making a judgment! 

Let us quickly explore the features of Streak along with the other four prominent Also Trading Software in India.

Buckle your seat belt, as the journey is going to be quite long! 

Algo Trading Software India

Although there were many Algo Trading apps available in the Indian finance market sector, to offer you the best and the one who could enhance your investment journey, we came across some of the Best Algo Trading Software in India.

These platforms or software have been chosen after performing in-depth research on each one of them and after doing a comprehensive review of their features, price, support, advantages,  tools, etc. 

Let us now quickly understand each of the above Algo Trading Software in a detailed way.

1. Odin

Odin has successfully set up his feet on the top position due to its impeccable tools, features, and hassle-free operations.

This Algo Trading Software is one of the best due to its fast and highly secure platform wherein you have several options to handle the direction of execution.

Launched by Financial Technologies in 1998, this software has astonishingly widened its reach to more than 80% of the share market, and surprisingly, over 900 stockbrokers have opted for this Algo Trading software.

Although this platform allows investors to buy or sell stocks, shares, or other securities listed in NSE, BSE, and MCX exchanges, however, according to a survey, more than 80% of MCX investors have installed this application on their system. 

Through this Algo Trading Software, you can smoothly place a buy or sell order, use shortcut keys, have access to advanced charts, familiar yourself with the current market happenings, create multiple watchlists, get third-party news, and much more! 

Moreover, this software allows you to auto-execute your trading order based on defined strategies.

Also, it will enable you to arbitrage the security across different segments like a commodity, IPO, mutual funds, equity, derivatives, and currency.

After having access to this Algo Trading software, we came to some of its pros and cons. These are listed as underneath-

 

Suitable for Advanced level Algo Traders!

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2. Zerodha Streak

Streak has been given the second spot on the 5 Best Algo Trading Software in India list.

Streak is one of the best software for Algo Trading since it gives an opportunity to beginners, intermediate and advanced level investors to perform Algo Trading smoothly. 

The user interface of this software is advanced, simple, and high fast.

A plethora of Algo Trading software requires you to have a knowledge of coding, but this software allows you to trade without any understanding of coding.

This means that, even without prior knowledge of programming or coding, traders or investors can do Algo Trading. Surprisingly, this option has never been given by any stockbroker in the Indian Financial market history.

Launched by Fintech, Streak is a cloud-based semi-automated Algo Trading software that doesn’t require an investor or a trader to go through the downloading process.

Instead, they can simply operate it on Mozilla, Firefox, Chrome, Safari, etc. 

If you are already a customer of this discount broker, then you can log in on Streak software through the Zerodha Kite app.

Just in three simple steps- Create, Backtest, Deploy you can buy or sell a stock, share, futures, and options or other securities listed on National Stock Exchange or NSE.

If you wish to trade particularly in options, then you can choose the best indicator for option trading to avoid the risk and earn profits.

Surprisingly, this discount broker’s Algo trading software is available on smart mobile phones too! Hence, either you have an Android phone or an iOS one, you can conduct bulk trading at your fingertips with ease.

Through this Software, you can also place one-click Bracket order(BO) based strategies along with strategies using Regular order(MIS, CNC/ NRML).

Know about CNC and MIS in detail

By opting for this Algo Trading Software, you can perform an unlimited number of scans and up to 1000 backtests per day.

Not just this, the highly advanced Algo Trading Software Zerodha, offers you the below features-

• Entry and Exit conditions
• Indicators 
• Assist
• MCX
• Renko
• Pre-created strategies under the Discover section
• Scanner that can help you in viewing the top-performing stocks.
• Heiken Ashi
• Expert call option, and a lot more! 

Also, the price of Streak is not higher as compared to Odin or other Algo Trading Softwares; instead, the price is pretty affordable.  

Streak offers tailor-made packages to its customers. There are three different plans- Basic, Premium, and Ultimate that a user can choose as per his trading requirement after Zerodha Demat account opening.

Apart from the features listed above, you can refer to the below table consisting of this Algo Trading software -Streak’s pros and cons:

 

Streak could be the first star since it offers all the desired features, tools, and services that a perfect Algo Trading software must have!

If you wish to trade in trading and investment segments like equity, futures, currency, commodity, options, then definitely Streak must be your first choice! 

Trade without coding knowledge at a low cost!

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 3. Omnesys NEST

Placed in the third position, Omnesys NEST is extremely popular among Algo Traders and the financial world.

NEST, built by Omnesys Technologies Pvt Ltd, offers various Algo trading options in Equity, commodity, and currency. 

Through this Algo Trading Software, one can create multiple watchlists, view order details through the “order book” feature, view advanced charts, etc., at the fingertips. 

Additionally, various shortcut keys are available on this desktop-based Algo trading software to quicker your trading process.

Various types of technical charts are also available on NEST with more than 100 technical indicators.

Let us understand some of the NEST trading platform pros and cons-

 

Opt to trade in all segments!

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4. BlitzTrader

BlitzTrader occupies the 4th position among the five best Algo trading software.

This software was previously named Presto ATS, but Symphony Fintech changed its product name a few months ago.

This Algo Trading software runs a program efficiently and deals in all the financial classes available on the recognized exchanges of India.

The software allows users to make multiple customizations quickly and run several Algos smoothly at a time. 

It is a highly advanced Algo Trading software that can conduct with multiple markets and can perform several trading deals at the same time.

The institutional investors mostly use this software; however, many of the retail investors have begun using this over the past few years.

Surely, BlitzTrader is an extensive Algo trading software to depict, test, deploy, and further execute the trading deal based on the real market data and DMA or Direct Market Access.

This software tends to automatically place your order from Excel to the trading terminal.

Apart from all these features, this platform’s cost is high, which is why Algo Traders opt for other platforms that have similar features.

Also, the software doesn’t offer a free trial, so in case you pay this high money in advance, you won’t get any refund if you face any issue or if you don’t like the software at all.

Are you awaiting the things that we really liked about this software and what we didn’t? Let us see them as below-

 

Suitable for Experienced HNI clients! 

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5. AlgoNomics

Being on the list of the five best Algo Trading software in India, AlgoNomics scores an average rating. 

This prominent software is designed by NSEIT, keeping in mind the need of the traders while making high volume trades. 

Investment Banks, Fund Managers, and Expert level Algo Traders opt for this software.

So, if you are the one from the above list who performs bulk trading deals simultaneously, then AlgoNomics is the right choice for you! 

Moreover, traders or investors can define their strategies or use pre-defined while carrying out the trade with risk management control features embedded in this software to avoid any mistakes or loss.

The prominent feature of this Algo Trading software is that multiple strategies can be used or created while using this software and can be stopped, paused, changed, or canceled while operating.

 

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How to Choose the Best Algo Trading Software in India?

Now, as you can see, we have given a list of the five best Algo Trading Softwares in India based on their performance, overall rating, features, price, and necessary tools required while doing Algo Trading. 

Undoubtedly, your query related to the appropriate Algo Trading software must be clear from the details mentioned above. 

But, in case you still feel confused or doubtful about the right one, then it’s better to look at their price, customer support availability, multiple order types accessibility, key features, etc. 

Several Best Algo Trading Platforms in India are available in the market but making the right choice will help you in earning well and will improve your trading journey! 

In a nutshell, we can say that if you are looking for a highly advanced fully packaged with Algo Trading software features, then Streak is the right choice for you. 

Apart from these segments, you can smoothly execute your algo trading order in any financial class.

Since Streak offers 7 days Free Trial, hence you must quickly grab the opportunity and analyze their software in-depthly. 

Lastly, remember that each of the above stated Algo Trading software requires you to have a demat account with a stockbroker. In the case of Zerodha, you can have a demat account with them or can even shift to theirs. 

In case you are planning to open a demat account and trading account, then let us help you in making the right choice. Fill the form below with your full name and valid mobile number and avail our free of cost services-

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Thinking to open a Demat Account? Please refer to the form below