We are a Partnership firm and opened a trading account with Zerodha.
We want to fully automate our trading based on time, price, technical indicator, PnL etc…
In Kite Connect API Terms and Conditions, it is mentioned that for retail traders:
e) Automated trades
The APIs are not meant for placing fully automating trades (without manual intervention). If you wish to use the APIs for full automation, you should seek necessary approvals from the exchange. Zerodha can provide the necessary assistance in obtaining approvals.
Kindly let us know which category a Partnership firm belong to? Retail or Institutional?
If we belong to “Retail”, what are the procedures to obtain approval from the exchange?
Do Zerodha or the exchange charge any fees for obtaining approval?
How long it takes?