Business Line: Zerodha working on trading platform with charting software
Business Line talks to ZERODHA CEO, Nithin Kamath on introducing a first-of-a-kind Trading platform in India…
KOCHI, JULY 23: Zerodha, the Bangalore-based online trading platform, is in the process of introducing a new trading platform with advanced charting software. This would enable technical analysis and back-testing strategies before making a trade.
The idea is to provide a platform of international standards similar to that available in the US and Europe. None of the online trading platforms in India have such features, Nithin Kamath, Founder and CEO, Zerodha, said.
In an interaction with Business Line, he said the new trading platform would be ready by the year-and and would be available free of cost to subscribers.
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hi Nithin, i am impressed with KITE platform. it is really good one. but now a days it became very slow, so i request u to solve the issue as soon as possible.
Hmm.. weird that u r finding it slow, it has actually become faster. Getting someone to call u back.
Hi Nikhil, I just came over to Zerodha from HDFC securities and eventhough I haven’t gotten my hands onto Pi yet (the frickin 48 hrs wait -_-), I saw the videos on youtube and it got me excited as hell.
However, like most people I have a day job (software developer) and I cannot use Pi all the time. My most frequent way of trading is through the mobile app and I must say, Zerodha needs a overhaul of its mobile app. The current one simply does not cut it. Of course, you already know this! So I wanted to ask if you guys have any plans to launch a new modern mobile app anytime soon?!
Awaiting a response from you on this one!
Ritwik, we usually enable all new Pi requests at 5pm everyday. Checking this out.
Yes both our new web and mobile apps are on its way.
could you please launch for the mac as well. I’d love to join zerodha
Vidhant, don’t think this will be possible for now. But there is this hack which you can do to trade on Pi using mac: https://www.youtube.com/watch?v=_BRujJGDdaw
oooh man this pi is making me hungry, i hope it tastes as good as it looks when it is served 🙂
one more thing how about adding count down timer on PI site if all the thing is cleared and ready for realese,
We have a bunch of users beta testing it, we will put up something out on it soon.
Mr.Nithin i like the new back office website it is very easy to navigate and understand, and most of all it works in firefox, i use ubuntu so that is nice thing for me, thank u
so for from what i have seen it on youtube i like it -:)
Mr..Nithin will we all are waiting for approval and release of platform, why not make some videos on how to use and customize the platform, so then it would be easy for user’s
Yes we will have it out soon, here is the teaser: https://www.youtube.com/watch?v=Pd66QOQwykQ
Hello Nithin, Its been already around couple of months since your comment when you said the new platform is going to be available in a month. Whats the latest status for the same???
Check out the demo video that we had shared a few days back, we have a bunch of beta testers working on it already. So sooner than later.
Can you please provide me the link for the demo video?? I tried searching for it but am not able to find it.
Here it is: https://www.youtube.com/watch?v=Pd66QOQwykQ
Dear Nithin Kamath I am eagerly waiting for MT4 platform
It is a good news indeed. Would be happier to know the tentative date as to when the new platform would be out…!!! Looking forward to that…!!!
thank u Mr.Nithin for the update, hope we get it soon out for live trading.can we except it by Christmas
🙂 hoping for much sooner than that, we didn’t realize how massive the project could get.
Heard that it should be out by your anniversary! Really excited to try it out.
is new platform still available beta tester
We have people in house beta testing for now.
@ Nitin @ Hanan
What is status on new trading software ?
Few suggestion
1) On chart have Visual mark up order [Check below image] this far important feature
http://i.investopedia.com/inv/articles/site/NT-12.gif
2) Pre-define order value…so that it can save time while placing order.
3) Go one step ahead basic trading platform with good chart system then providing complete package with back-testing and system feature..it much more easier get approvals from sebi one by one.
GJ, we have been using it in our office already, a bunch of approvals pending from the exchange and hopefully should be able to announce something in the next 1 month.
Dear Zerodha
I recently signed up for an account with you i primarily use Mac and want to know if you have Zerodha trader terminal version for Mac .
Cheers
Radha, there is no Mac version as of now.
I hate NEST trading platform and NEST plus chart.Chart like MT4 is best.
Waiting for chart updates and trading platform.
Would recommend that a few ideas are picked up from softwares such as Trader Workstation or Sharekhan but of course with less ram and bandwidth consumption
NEST TRADER doesn’t have charting facility like trade tiger. New trading platform still not out as promised
in market watch background currently we can use only single color example black but in other softwares they offer dual colors black and grey which looks seriously more professional …like the tradefortune software,trade fortune is very sensible when it come to interface which is really a fabulous one sharekhan had partnered with them to offer the service..
hi,pls donot use the terminal top,bottom,side corners like nest trader which uses windows 7 aero effects,use something like example realplayer software toolbars and options.and as far as colors try to use darkgray,black, based terminal as they look professional and elegant for example winamp software….just inspire from the both and im sure the mother of all platforms (zerodha new terminal)will stand in global race…
When we can expect the new trading platform from Zerodha?
When do we expect new charting software?
I find Nestplus not friendly.
Nest Plus is among the best free charting software that is available for Zerodha’s clients, especially for futures & options data. We’ll have to wait for newer updates from Plus for better performance in the future.
Dear sir,
Can we open multiple chart of a particular stock in different time frames in ZT ?Let say RIL’s 3 minute and one day chart…..if possible pls guide me how can i do it?.Also i want to know can i apply my crossover stretegy in one day time frame(let say sma(10) crossover ema(21) etc.please guide me
You can’t open multiple charts for a single stock with different timeframe. Check this section for all your charting queries.
Dear Zerodha,
I am avid Mac user. Recently I have started on Zerodha. I am finding it difficult to trade using Z5 (HTML5) web based trading. Any development for Mac OS which you are planning in the near future. Kindly let me know. Thanks.
We do have a Mac version for Zerodha Trader but you’d be better off not using it. The only workable alternative right now is for you to use VMWare and run Zerodha Trader for Windows virtually on your Mac.
Or you’ll have to wait longer to see our Mac version out. We’ll keep you posted on the developments.
Its been almost 5months, when are we gonna se your new trading platform???
eagerly waiting for new platform…!!!
You’ve waited so long but you’ll have to wait a little longer as we’re in the process of building the mother of all trading platforms.
In the meantime, you can continue to use our existing software which is still among the best in the industry.
Any probable timeline for the release of the Open Trade Platform?
Hi Hanan/Nithin,
Any ETA for the new Trading Platform? I have been waiting for so long for the same :).
Is it something similar to cTrader?
Thanks
Rajendra Prasad
Rajendra,
The trading platform requires umpteen number of approvals, and this what is slowing us down. Hopefully the beta should be up very soon.
Thanks for the reply… I can understand the pain for the approval process. I hope the new platform will provide the best mobile software (i feel similar to cTrader or MT4/5). Hopefully the beta will be ready in March….
I AM THRILLED TO REALIZE ZERODHA IS IN THE PROCESS TO PROVIDE US THE MUCH BETTER CHARTING SOFTWARE BEYOND MY IMAGINATION. A NORMAL TRADER WAS IN CONFUSION AS TO WHAT AND WHEN SHOULD HE BUY OR SELL AS ZERODHA DOESNT PROVIDE TRADING TIPS ON ITS TERMINAL. AND DESPITE SPENDING FEW THOUSAND OF RUPEES MONTHLY HE IS UNABLE TO GET PROFIT. IT IS A GREAT MOVE OF MR NITIN AND I AM SURE IF IT IS DONE ,ZERODHA WILL BE ON TOP NO BROKERAGE FIRM WILL HAVE THE GUTS TO COME NEAR ZERODHA. HUMARI DUWAEN NITIN SAHIB KO UN BULANDIYON PER PAHUNCHA DENGI JAHAN DEKHNE WALON KI TOPI BHI GIR JAAE. MUHAWRA HAI. I MEAN A GREAT SUCCESS FOR MR NITIN. THANKS AND WILL BE WAITING FOR THE SOFTWARE VERY EAGERLY. ZERODHA WILL DEFINITELY ROCK…..
REGARDS
FAZLUR REHMAN
9897484940
Dear zerodha.
please tell me….there v get buy/sell singles…nd any workshop u hv for learning trade nd charting….
http://www.zerodha.com/z-connect/blog/category/algoz-your-window-to-algorithms
Check this section on algoZ and also code your strategy tutorial which explains how to write strategies. But presently we are not running any training on how to chart and others.
Cheers,
Dear Zerodha,
Its fantastic idea bcos trading paltform with Advanced charting software gives an edge for the traders.To be honest even in India some brokers provide such facility but not at par with US or Europe. I hope Zerodha trying to bring something similar to Tradestation.
Dear Zerodha
Will this new trading software software run on android and Apple Tablets..?
Rohan,
We already have a html5 version which runs on android and apple tablets. Check this link , but the new one will be hopefully much better.
I don’t know whether there is any other link/email to give feedback. 3 things that would help me as a trader with this new platform:
1. OCO (One cancels other) type of order, where I can just set my SL and Target and forget
2. For automation please use standard software language (python would be my preference as most open source guys use that) instead of creating proprietory language which makes the learning curve more steeper.
3. Ability to place/mark order directly on the chart and also mark SL and Target orders (This is little wishful thinking), but this would help people who are predominately visual in nature
Cheers
Thank Kirrck,
You can also write this in our review page under feedback: http://www.zerodha.com/review/
Dear Zerodha,
A platform with international standards similar to available in US and Europe as per the press note. we would like to know details of our new plotform is similar to which international plotform?
Why work on a new trading platform ? When there already exist many tried and tested platform. Take for example MT4.
Why not impress upon NSE/SEBI to allow traders to use them. In the age of Jet travels traders are forced to move in bullock carts.
MT4 doesn’t come with feature to trade on the exchanges.
MT5 has exchange trading capability, but presently MT5 won’t let you trade on options.
MT5 also has very closed architecture and getting to make changes as per SEBI/FMC is not possible.
Is this being developed for mac os as well?
No, it works on windows only. Check this: http://zerodha.com/z-connect/zerodha/bulletin-latest-at-zerodha/pi-overview-and-feedback
Thanks Nitin & team for working on the new trading platform. Zerodha rocks !!!