My algo trading daily performance

[mechtrader]

Thanks Mech.

Currently with my positional system, I do not place any Stop loss order along with buy/short order. Only when my afl triggers the sell/cover order, it gets placed in presto.
But there are few occasions where the orders was taken by amifuse however it was not executed in presto. Because of that i had to pass on orders manually which resulted in unwanted slippage which impacted my profits.

When asked about it, Symphony DB and development team are still working on it to find the root cause.

so the intraday system that I wanted to trade involves trading with 15 to 20 stocks per day, if the same issue happens again where the orders not getting passed then I cannot place manual orders for all 15 to 20 stocks and it will have a huge impact.

Thats why thought placing Stop loss order would help.

have you faced any order execution issue? your inputs would be really helpful

I think you should take remote desktop via "Tight VNC", that should solve your issues.
I think I have been given 10 times.

Thanks,
MT

 

[Cubt]

MT,

the brokerage has been revised for composite. its 400/cr now. Did you get any update from Composite on this?

 

[mechtrader]

MT,

the brokerage has been revised for composite. its 400/cr now. Did you get any update from Composite on this?

Yes i did receive the update.

Thanks,
MT

 

[mithoon]

MT,

the brokerage has been revised for composite. its 400/cr now. Did you get any update from Composite on this?

I have too,i guess its time a a few serious algo traders join together and become a member with the exchange to do algo,25 lac for membership in derivatives + 50 lac deposit for algo trading + 25 lac for other expenses ,like lease line and servers + Symphony charges etc.
Does anyone else here feel the same.

 

[bpr]

MT,

the brokerage has been revised for composite. its 400/cr now. Did you get any update from Composite on this?

Yes i did receive the update.

Thanks,
MT

what happened ? what is the reason they gave for this increase ?
I don't see it updated in their website ?

 

[Cubt]

what happened ? what is the reason they gave for this increase ?
I don't see it updated in their website ?

This is to inform you that we will be revising the brokerage charges for our existing Algo-clients currently using the Symphony Presto platform.

The additional charges will help us offset some of the costs arising from the

Substantial increase in hardware investment.

Higher band width requirement

Back- up lease line for uninterrupted broadcast


Following are the revised charges applicable from 1st May 2015.

Derivatives-
Futures- Rs. 400/ crore

Options- Rs. 10/ lot

Cash market-
Intra- day- Rs. 400/ crore

Delivery- Rs. 6000/ crore


New customers are being charged Rs.600/- per crore. As an existing customer , we share a special relationship and therefore have kept the brokerage much lower.



We appreciate your continued patronage and apologise for any inconvenience caused.

 

[bpr]

This is to inform you that we will be revising the brokerage charges for our existing Algo-clients currently using the Symphony Presto platform.

The additional charges will help us offset some of the costs arising from the

Substantial increase in hardware investment.

Higher band width requirement

Back- up lease line for uninterrupted broadcast


Following are the revised charges applicable from 1st May 2015.

Derivatives-
Futures- Rs. 400/ crore

Options- Rs. 10/ lot

Cash market-
Intra- day- Rs. 400/ crore

Delivery- Rs. 6000/ crore


New customers are being charged Rs.600/- per crore. As an existing customer , we share a special relationship and therefore have kept the brokerage much lower.



We appreciate your continued patronage and apologise for any inconvenience caused.

ok so they have increased only for algo users., makes sense now.

Symphony is a good product for algo but the reason I held back because of limited broker choice in fact only one discount broker composite edge.


For this symphony is to blame for each broker joining them there is initial infrastructure cost which is divided between broker and symhony.
That is the reason many broker such as zerodha refused and proceeded to create their own solution.

Either symhony should pay all the cost to onboard brokers so that more brokers will join them. Symhony can increase the cost at their end if needed.
If they share the initial cost with broker then broker will eventually will have to increase the price and many broker not willing to do that.

Or

Symhony should launch their own discount broking service exclusively along with their algo product if they really want to strive and grow.

Cubt Please let them know these suggestions on my behalf.

 

[jagankris]

ok so they have increased only for algo users., makes sense now.

Symphony is a good product for algo but the reason I held back because of limited broker choice in fact only one discount broker composite edge.


For this symphony is to blame for each broker joining them there is initial infrastructure cost which is divided between broker and symhony.
That is the reason many broker such as zerodha refused and proceeded to create their own solution.

Either symhony should pay all the cost to onboard brokers so that more brokers will join them. Symhony can increase the cost at their end if needed.
If they share the initial cost with broker then broker will eventually will have to increase the price and many broker not willing to do that.

Or

Symhony should launch their own discount broking service exclusively along with their algo product if they really want to strive and grow.

Cubt Please let them know these suggestions on my behalf.

Dear Cubt,

In what way symphony+composite edge better than robotrade(automated trades) +VPS with flat brokerage firm like SASonline ?

TIA.

 

[NJ23]

Dear Cubt,

In what way symphony+composite edge better than robotrade(automated trades) +VPS with flat brokerage firm like SASonline ?

TIA.

Yes, I'd like to know that as well. Why not use Nest Plus APIs? They're good enough. Plus you can use them with most discount brokers.

 

[Cubt]

Dear Cubt,

In what way symphony+composite edge better than robotrade(automated trades) +VPS with flat brokerage firm like SASonline ?

TIA.

I have opted for Symphony mainly because of their great after sales support. They are very professional if what they do. Starting from their sales team, Lead manager, Developer lead, Support team, everyone knows about the platform and in case of any issues with Symphony platform they are able to sort out the issues and also they keep me updated on the progress.

Where as the main problem with robotrader vendors are, there are many vendors who sell the same software. When I ask about the product, they couldn't explain much, during live market hours in case i face any issues with execution, it is difficult to reach the support team. Since am dealing with 10 lacs, I do not want to risk my money with robo trader just because they are cheap.

Though I pay higher money with Symphony, am lot more satisfied with their service and support. That's the only reason am with them for more than a year.