Trading platforms have many dependencies working in sync. If even one has an issue, it can affect how everything works and slow things down for everyone. In those rare situations, you can now use Kite Backup, a WhatsApp-based emergency mode.
Trading platforms are ridiculously complex. One hiccup anywhere from exchange connections to cloud servers can create an issue. Over the years, we’ve built tons of safeguards and redundancies, but we’re still paranoid.
Apart from all of this, we’ve built a new emergency trading mode using WhatsApp. In case of a disaster scenario, which we hope never happens, and the Kite web and mobile both become inaccessible during market hours, this backup mode will allow you to cancel orders and exit positions. It runs on a completely separate infrastructure and is designed to be independent of Kite.
You can watch this video to know how to enable it:
Can this be used for personal emergency situations as well? Or only when kite is down?
I get quite concerned to think if I was to be incapacitated due to any reason, especially around monthly expiry dates involving physical settlement. A simple “exit my positions” on whatsapp is something I could explain to my wife, anything else is too complicated for her.
This is a wonderful step in the right direction. @nithin is there a possibility this feature can be expanded to include report generation, holdings view and perhaps placing of trades through WhatsApp. Also, do we use an in-house WhatsApp api platform or have we subscribed to a service provider? Thanks
Kite Backup runs on an independent setup hosted on Microsoft Azure. It has no dependency on Kite web or app. It connects to the various OMS installations (silos) across datacenters directly. Explained here.
Guys the backup service cannot sq off positions greater than freeze qty. This almost cost me today, as my hedges were sq off and left me with naked shorts that couldnt be sq off… Pl fix.
Hi, instead of depending on WhatsApp, cant it be a web page? Like just a link we can use.
WhatsApp is a privacy nightmare and a battery killer. I have long switched to signal. Also whatsapp can very well become a hacking target to elders who don’t understand things.
Think over it Zerodha team. Why cant just a backup webpage work. It can even be linked directly into kite.