Thanks for the response...
Firstly on the charting, we have the product ready, works wonderful...
Why are we not offering after investing quite a bit on getting the technology ready??
NSE sells real time data, check this link for pricing: http://nseindia.com/content/press/RealTimeTariff.pdf
If we offer the same data at 1/20th the cost, hmmm.. I suppose you understand the situation we are in!!! Authorized NSE resellers have to pay this much for selling live data, so companies like viratech etc are forced to charge around 30 to 50k annually... So we are presently in a catch 22 situation... Issues, new and innovative businesses have to go through in the country...
The only other option we are left is with going to an authorized NSE reseller and try to cut a deal for all our clients at a time and try to get at big discount from their current market prices...
About commodity,
Similar to how with NSE we are not compromising on quality just because we are giving at low cost, our most important concern would be to not compromise on quality when we offer commodity...
The only 2 serious players to look at are FT (ODIN) and Omnesys(NEST). MT4 etc are not authorized platforms in India and even if they are(interactive brokers) it won't workout at this cost.. Hopefully in the future we will develop a similar technology, that will give you an international feel... We have spoken to FT and NEST and similar to NOW have requested for co-located servers.... Servers are in the exchange itself, managed and hosted by respected tech team... Today most of the brokers don't have the right technology team to manage their servers... For us, tying up with the person who has developed the product to manage our servers will ensure superior performance compared to the other brokers in town... What is the issue then??
.... This costs quite a bit!!! We have to pay up an x amount upfront, which is pretty large.... But!!! if the response is anywhere close to the response we have gotten for our equity platform, it would make us business sense.... The posts here, emails that we received supporting the initiative will ensure that we go ahead with the plan....
As comm said, we'd rather under promise and over deliver, rather than overpromise and under deliver... But needing a feedback on this was very important....
Firstly on the charting, we have the product ready, works wonderful...
Why are we not offering after investing quite a bit on getting the technology ready??
NSE sells real time data, check this link for pricing: http://nseindia.com/content/press/RealTimeTariff.pdf
If we offer the same data at 1/20th the cost, hmmm.. I suppose you understand the situation we are in!!! Authorized NSE resellers have to pay this much for selling live data, so companies like viratech etc are forced to charge around 30 to 50k annually... So we are presently in a catch 22 situation... Issues, new and innovative businesses have to go through in the country...
The only other option we are left is with going to an authorized NSE reseller and try to cut a deal for all our clients at a time and try to get at big discount from their current market prices...
About commodity,
Similar to how with NSE we are not compromising on quality just because we are giving at low cost, our most important concern would be to not compromise on quality when we offer commodity...
The only 2 serious players to look at are FT (ODIN) and Omnesys(NEST). MT4 etc are not authorized platforms in India and even if they are(interactive brokers) it won't workout at this cost.. Hopefully in the future we will develop a similar technology, that will give you an international feel... We have spoken to FT and NEST and similar to NOW have requested for co-located servers.... Servers are in the exchange itself, managed and hosted by respected tech team... Today most of the brokers don't have the right technology team to manage their servers... For us, tying up with the person who has developed the product to manage our servers will ensure superior performance compared to the other brokers in town... What is the issue then??
.... This costs quite a bit!!! We have to pay up an x amount upfront, which is pretty large.... But!!! if the response is anywhere close to the response we have gotten for our equity platform, it would make us business sense.... The posts here, emails that we received supporting the initiative will ensure that we go ahead with the plan.... As comm said, we'd rather under promise and over deliver, rather than overpromise and under deliver... But needing a feedback on this was very important....
