Smart Trading API for India’s Leading Share Broker: A Case Study
When it comes to trading, investors all over would unanimously agree that the business is in the works of a dramatic evolution, and that algorithmic trading is the path to abide by. Back in 2008, when the Securities and Exchange Board of India (SEBI) had introduced algorithmic trading by allowing Direct Market Access (DMA), globally powerful institutional clients such as Morgan Stanley, UBS, JP Morgan, Merrill Lynch and DSP were already signing up within a short span and awaiting approvals. It has only been a little over a decade, but algo-trading already controls nearly a third of the market.
Imagine being able to receive information at light speed, and then being able to execute the order faster than anyone else. Imagine the time saved herein, and when it comes to trading, time literally translates to money! This picture painted above is exactly what is referred to as High-Frequency Trading (HFT).
These HFTs can carry out trades 1000 times faster than a human, in person. The coming generations are inherently smart and are naturally tech-savvy. They want things to be carried out in a flash, as waiting is a game of the past. Thus, algorithmic trading and HFT is apt here, as it takes negligible human intervention and saves a lot of time.
But with all its ease of operation and earning capacity combined, HFT and algorithmic trading are endeavours that require heavy coding. but do not be disheartened, as this cloud too has a silver lining.
In collaboration with the biggest share broking firm in India, Applied Cloud Computing has come up with smart trading APIs to simplify trading algorithms for you, as it was intended to be. It enables you to carry out algorithmic and automated trading with simply a few lines of codes.
Smart Trading APIs are a collection of APIs that expose the most critical functionalities of one’s trading execution engine in a myriad of languages.
Key Features
Let us now look at some of the features this interface has to offer.
- Real time market data streaming
- Historical data retrieval for backtesting
- Verifications
- User portfolio management
- Comprehensive and structured JSON format
- SmartAPI Python Library
- SmartAPI Java Library
- SmartAPI NodeJS Library
- SmartAPI R Library
- SmartAPI Go Library
- SmartAPI C#/.Net Library
- SmartAPI php Library
- Easy attainability of brokerage license
- Most importantly, this neat package comes completely free of cost.
What’s to gain?
When it comes to any business, there are trend-setters and there are trend-abiders. With the use of smart trading API, now, you have within your reach the portal to the former. To add to that, let us tell you a little more about why this is the necessary step up to your business.
Smart trading API is renowned for its assistance in building sturdy platforms, that help drive algorithmic trading and automated trading without a hiccup. The seamless integration of our codes with your unmatched services, translates to happy, satisfied end users. The utilities that we offer have often been termed as the next wave of ultramodern services by reputed news blogs and authors. With features like Node JS library, compatibility to multiple languages, real time market data streaming, and much more, these functionalities are all curated to generate the best end-user experience.
In addition to that, we have dedicated forums that are functional without a break to address your queries and aid the removal of hindrances. The forums are well monitored by a panel of experts who will assist you with any and all difficulties that you may encounter in the process of discovery and implementation. Also, algorithmic trading and automated trading are an apt avenue to attract more and more prospective investors and customers by the means of offering a passive source of income. Many people today get into trading because it’s better than letting their money sit idle in bank accounts. When offered the proposition to trade without having to predict charts and forecast graphs, more people are likely to invest in this sort of a venture.
Use Cases
Let us now gloss over a few use cases for which smart trading APIs have proved to be instrumental and path breaking.
Direct Buying and Selling of Stocks
Customers can now purchase and sell off shares at record speeds, directly with smart trading API, without any external influence. Imagine you are on a call with your friend when certain share prices that you’ve been looking out for fluctuate. Smart trading API can trade your stocks on your behalf and you can expect a steady and safer source of income. This practice of automated trading will empower customers to compete with professional traders and investors.
Investing in Baskets
A basket is a set of multiple stocks and securities that all synchronise to a specific theme. They have the potential of executing several trades simultaneously. It’s a complex algorithm, but smart trading API makes this possible, and that too in a matter of seconds.
Real Time Stock Advisories and Recommendations
With the use of smart trading API, you can be at the receiving end of professional advice and tips from industry experts themselves, that too in real time. If you foresee a situation where you have a hunch that the stock you’ve been vying upon is in the works of giving you great profit of you invest, but you may be a little skeptical as well, you can consult with these experts on forums and discussions who can guide you to reach a suitable and profitable decisions.
These are just a few cases that can be made possible with these features. But the prospect of smart trading API can open doors to a whole world of opportunities! With more features and functionalities in the works, this avenue is set to recreate the way we trade today. With reduction in idle time, discarding emotional barriers, easy flow of currency, and smart algorithmic trading, with this avenue, you are already headed to pioneer this field of trading in the Indian market.
