When are you planning to provide fully automated algo?

When are you planning to provide fully automated algo wherein we can execute buy orders directly on matching the strategy and also then apply sell strategy with stoploss.

Fully automation on Pi is not possible as exchange won’t allow algo trading for retail clients.

1 Like

Hi There,
There is a myth among Indian Traders that Fully automated trading is not allowed for retail clients.

As per NSE/MCX circulars, algo trading facility can be provided through CTCL ID. The exchange does not say anything about fully-automatic or semi-automatic. Thus for authorized algo trading, a trader needs a CTCL Id. Let us now look at the requirements for CTCL.

A CTCL terminal can be provided by broker to their authorized dealers only with proper checks. As per NSE requirements, the CTCL id can be allocated to only a dealer who has passed NCFM exam for the respective NSE segment. For MCX, any exam certification is not required for CTCL ID.

Symphony’s Presto is an example of CTCL; also note that Symphony is an empanelled vendor for NSE.

With regards to Durgesh questions,

But how come this company (http://www.squareoff.in/) is providing fully automated algo to retail clients?

At SquareOff we use Symphony fintech technology for 100% automated execution of trades. That's how it is possible for us to provide automated trading for retail clients. For more details on exchange, refer below.

Relevant Exchange Circulars

2 Likes

No response ? does this mean Pi would not have any direct order execution in near future??

But how come this company (http://www.squareoff.in/) is providing fully automated algo to retail clients?

That is not a broking firm,anyhow you can directly check with them.