This message is specifically meant for @nithin and @siva. I am posting this as to give you a feedback as a day trader and a heavy user of Zerodha and also with a due request. I think many day-traders can relate to the frustration of not being able to find a good trading software. The current ones like Amibroker, Metastock etc… are really really at an unreasonable price.
First of all with all due respect, I would like to congratulate you guys for your accomplishments and progress that you have encompassed till now. Seriously,It may not be the best comparison but Zerodha is doing to the Indian financial market what SpaceX did to the rocket industry. Because of Zerodha, not only you have made the financial market accessible but ensured that it was easier through your Kite Platform and Sensibull and all of that at the most cheapest cost.
But this very own strength of simplicity has turned into a limitation into other. What I mean is, you guys have been successful at reaching your mission of removing barriers however, from all I can say, when it comes to day-trading, Kite platform just isn’t great for day trading it’s a big headache to execute orders in time. Kite from what I see, is focused on simplicity and minimalism but when it comes to day trading, speed and execution with in-depth news, technical research and risk analysis tools is what’s needed. We all know, time is literally money in day trading particularly in scalping.
As for Pi, it just doesn’t reach the mark, from my research it’s got a lot of issues and bugs and lacks a lot of important features which makes it really unsuitable for trading and I presume Zerodha must have discontinued the development. Anyway, to come to the point, there are really no great day trading terminals/platforms in India that are good enough. There’s an unmet demand being exploited by companies like AmiBroker, Metastock etc. Now to be honest, if we look at US companies, like TD Ameritrade, Interactive Brokers, they have built some great trading platforms like ThinkorSwim and TWS, their software is really great for day-traders with some features like active trader panel, research, news and market data, market scanners, workspace customisation and real-time streaming of news etc. Now I am no expert in this, but why can’t Zerodha make a software like that??
I read a comment few months ago by @nithin that you guys are working with an international firm to create a desktop platform. I hope that this software can fill all the demands that are waiting to be met. Can you provide an update for the same?