Zerodha....
- Thread starter bharath.mang
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- Tags bakwaas now cheapest brokerage nest nest plus new broker zerodha zerodha trader
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That is the beauty of our team!!! 
.. Nithin's nephew is 13 years old and his hobby is to read balance sheets.. ... Nikhil who takes care of the prop desk is 24 and has traded now for 8 years.. He has been trained on quant's from professors like Nassim Taleb and many more...So yes we are a young team, but we have probably traded the markets(derivatives) more than any people who run/manage any brokerage firm in the country...
About the charting, we already ventured out into it once.. We developed an amazing tool to transfer data from NOW to ami and others with backfill and etc... The problem was this: http://www.nseindia.com/content/press/prs_datavending.htm#4
Check out the first link, real time tariff... NSE charges a data vendor Rs 56lks(equity +fno) and Rs 500/exchange/month for data vending..
As NSE members we are warned that we can't release any tool that could cause them a loss of this revenue.. NSE actually categorizes people who receive data in any other way than through their data vendors as piracy..
So if someone is vending data without paying NSE their fees( the typical guy who charges Rs 300/400 per month), eventually NSE will catch upto them and stop it from happening.. A lot of authorized data vendors are pushing NSE to take strict action against those who are doing it illegally...
We are in talks with a popular vendor to give out data at discounted rates to our clients...
Cheers..
.. Nithin's nephew is 13 years old and his hobby is to read balance sheets.. ... Nikhil who takes care of the prop desk is 24 and has traded now for 8 years.. He has been trained on quant's from professors like Nassim Taleb and many more...So yes we are a young team, but we have probably traded the markets(derivatives) more than any people who run/manage any brokerage firm in the country... About the charting, we already ventured out into it once.. We developed an amazing tool to transfer data from NOW to ami and others with backfill and etc... The problem was this: http://www.nseindia.com/content/press/prs_datavending.htm#4
Check out the first link, real time tariff... NSE charges a data vendor Rs 56lks(equity +fno) and Rs 500/exchange/month for data vending..
As NSE members we are warned that we can't release any tool that could cause them a loss of this revenue.. NSE actually categorizes people who receive data in any other way than through their data vendors as piracy..
So if someone is vending data without paying NSE their fees( the typical guy who charges Rs 300/400 per month), eventually NSE will catch upto them and stop it from happening.. A lot of authorized data vendors are pushing NSE to take strict action against those who are doing it illegally...
We are in talks with a popular vendor to give out data at discounted rates to our clients...
Cheers..
Trust me, i was not doubtful about your 15years trading experince. I t was just a joke. Recent past we saw on CNBC Khatron ke khiladi trading game, a kid 16-17 years old performed brilliantly.So no doubt about your experience and no intention to catch mistakes.
I was astonished reading information you provided. Why such high charges levied by them ??? Can't understand. What's their main job?
If such low cost data providers close shops, how can traders survive and trade ?
This NSE is a real idiot. What is their core business? To match orders, Right???
But they are not able to do that perfectly. Some times SL orders doesn't works, NOW gave problem every now and then. They can't manage algo-trades correctly, which ends up in crashing Stocks/futures prices.
But now they are interfering in end users needs. What is the illegality there if we use NOW to Amibroker? If it is illegal then why they has provided the option to transfer data to Excel? To make an easy way for the innocent traders to commit crime?
If using data of NOW to AB thru Excel is a Crime, then I think traders are glad to do the crime.
But they are not able to do that perfectly. Some times SL orders doesn't works, NOW gave problem every now and then. They can't manage algo-trades correctly, which ends up in crashing Stocks/futures prices.
But now they are interfering in end users needs. What is the illegality there if we use NOW to Amibroker? If it is illegal then why they has provided the option to transfer data to Excel? To make an easy way for the innocent traders to commit crime?
If using data of NOW to AB thru Excel is a Crime, then I think traders are glad to do the crime.
This NSE is a real idiot. What is their core business? To match orders, Right???
But they are not able to do that perfectly. Some times SL orders doesn't works, NOW gave problem every now and then. They can't manage algo-trades correctly, which ends up in crashing Stocks/futures prices.
But now they are interfering in end users needs. What is the illegality there if we use NOW to Amibroker? If it is illegal then why they has provided the option to transfer data to Excel? To make an easy way for the innocent traders to commit crime?
If using data of NOW to AB thru Excel is a Crime, then I think traders are glad to do the crime.
But they are not able to do that perfectly. Some times SL orders doesn't works, NOW gave problem every now and then. They can't manage algo-trades correctly, which ends up in crashing Stocks/futures prices.
But now they are interfering in end users needs. What is the illegality there if we use NOW to Amibroker? If it is illegal then why they has provided the option to transfer data to Excel? To make an easy way for the innocent traders to commit crime?
If using data of NOW to AB thru Excel is a Crime, then I think traders are glad to do the crime.
I understand that it is property of exchanges. But they (NSE) are giving out warning to brokers, and in turn traders are warned by brokers. So we end users/traders are suffering.
Exchanges should understand that it should at least provide basic necessities such as tick data for free to traders.
See, what we are getting from NOW is tick at an interval of 1~2 seconds, provided that trade happens. We are not getting all the ticks that are being generated by the trading in exchanges.
NSE is free is sell it's premium version of tick data in which perhaps all ticks are available.
Exchanges should understand that it should at least provide basic necessities such as tick data for free to traders.
See, what we are getting from NOW is tick at an interval of 1~2 seconds, provided that trade happens. We are not getting all the ticks that are being generated by the trading in exchanges.
NSE is free is sell it's premium version of tick data in which perhaps all ticks are available.
Right. More experience as traders. I am sure they are well educated in the Capital markets too. Now what is your combined experience as brokers ?? Or any kind of experience in retailing ?? Hardly any, I guess.
It's a big leap from a technician (of whatever skill level) to a shopkeeper. As a technician you want to maximise efficiency to maximise the profits from trading; as a broker you want to maximise efficiency to maximise participation from your customers. The customer's profits or losses are secondary. I'm not saying that they are not important - secondary. So, ultimately your schemes have to be primarily geared towards wider and deeper participation.
The 60 day challenge was a brilliant idea. A second round, ok. Carrying it on a continuous basis ?? I'm not sure. How many vendors run a promotional scheme on a continuous basis ?? They keep coming up with newer schemes all the time - keeps them hooked. After a while the charm of "zero" brokerage will get rubbed off, as the traders do their own math and come up with different conclusions and may or may not care to discuss with the community. After a while the competitors may come up with more attractive sounding schemes.. whatever, the market is dynamic and, at the moment, shrinking (lowering participation from the retail traders).
Hope you take this in the right spirit. As a broker, you want your customers to improve their bottomline, and as a customer, I want the same for the broker.
Good answer :thumb:
It's a big leap from a technician (of whatever skill level) to a shopkeeper. As a technician you want to maximise efficiency to maximise the profits from trading; as a broker you want to maximise efficiency to maximise participation from your customers. The customer's profits or losses are secondary. I'm not saying that they are not important - secondary. So, ultimately your schemes have to be primarily geared towards wider and deeper participation.
The 60 day challenge was a brilliant idea. A second round, ok. Carrying it on a continuous basis ?? I'm not sure. How many vendors run a promotional scheme on a continuous basis ?? They keep coming up with newer schemes all the time - keeps them hooked. After a while the charm of "zero" brokerage will get rubbed off, as the traders do their own math and come up with different conclusions and may or may not care to discuss with the community. After a while the competitors may come up with more attractive sounding schemes.. whatever, the market is dynamic and, at the moment, shrinking (lowering participation from the retail traders).
Hope you take this in the right spirit. As a broker, you want your customers to improve their bottomline, and as a customer, I want the same for the broker.
Good answer :thumb:
exchanges DON'T say, 'you can't have data or can't snap from NOW/any other software'. you can do and keep the data. otherwise, they wouldn't allowed the function at first place. As, they changed refresh rate in NOW.
They are against commercial use of data you get. Of course, it is good income source for them. so don't worry, use it as you want for personal use.
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They are against commercial use of data you get. Of course, it is good income source for them. so don't worry, use it as you want for personal use.
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