Why nseindia still 50 years behind forign trading platforms?

hI friends

Yes those bearocrats boasting of latest advances reforms have left indian stock markets behind.

Why traders loose?
becoz NSE has no facility to use OC ONECANCEL ANOTHER .

Suppose you placed a buy order,a stoploss order and a target sell order,once buy order is done,if target reached and thing got sold for profit then the stoplos order is utomaTICALLY CANCELLED BY SYSTEM WITHOUT TRADER DOING ANYTHING.

Keeping nse without this facility leaves traders loosers as they have to monitor manually.
WE are years behind usa market systems.

When NSE WILL WAKE UP?

FOREVER ASLEEP?
MATCH FIXING
STOCK FIXING

THEY HAVE PUT MANY TAXES,STT,PTT,ATT,ST,SD ETC BUT CANT PROVIDE A SIMPLE CLIENT ORDER FACILITY?

Fully agree with u

Yes those bearocrats boasting of latest advances reforms have left indian stock markets behind.

Why traders loose?
becoz NSE has no facility to use OC ONECANCEL ANOTHER .



Hello,

The order type u specified i.e OCO (order), need little or no intervention of NSE,its majorly depend on Brokers who provide the Trading Platform,if u really want these type of order's try Interactive Brokers(india) TWS Platform,and u find some really good order types.

for ur question why traders loose?
its not bcoz of NSE, or something else.....its bcoz of trader himself....if u feel u didn't have the advantage of foreign markets in our market then simply don't trade....like i do.....

i have also same feeling as urs....but for me there are different reasons.

our markets are designed in a such way that it won't support retail traders.

in my opinion to trade indian markets effectively, a retail trader, at least need capital of 5lacs.(that too for swing trader,forget about intraday, right now our markets are not at all suitable for intraday)

Indian govt. is good for nothing but in collecting taxes.

NSE/BSE has OCO orders. It is also known as bracket orders. But NSE considers this order as algo. So it is only available on dealer terminal.

As far as I know, BSE doesn't considers it to be algo and brokers can allow such order types on normal client terminals.

We are paying so much taxes, breakeven in India is among the highest compared to trading in foreign exchanges. But what they are doing by taking these taxes? Putting in offshore banks. Great...... :thumb:

What I think is NSE IT/Dotex guys has the ability to create the best platform in the world. Look at the NSE website, it is one of the best among all the exchanges in the world. Which exchange website provides all the information on markets as NSE does? I think there are few or none. Don't believe me - Try finding out Nifty future prices in SGX website. Or try to get live prices from LME.

NSE can develop a better platform, it is sheer laziness that they are not doing it, or it is with vested interest they are reluctant to provide a better platform to the retail traders.

From NSEs point of view... it is 50 years ahead of other loser exchanges !
keeping the user choice low and profits high to itself with iron grip of policy controls ... thats how NSE rolls.
other exchanges are ravaged by competition and had to compete and suck it up to customers & competition.

Who said NSE is 50 yrs behind ?

...................................

You must understand that in the financial jungle trading is a game, and all parties could not be a winner. Even if NSE will be 50 years ahead of foreign trading platforms.

Its common tendency 'system bashing'. Earlier we have been bashing for higher brokerage charges for our failure. Now a plenty of Broker houses are offering brokerage services at a discount rate. Hence now we cann't accuse them for our failures any more. So this time its trading platform & taxes.

Why don't you trade in MCXSX currencies to avoid taxes?

As much as I hate doing so... I fully agree with you

Why genuine criticism should be hated ? Lack of good performance of trading platforms cannot be ignored. It is not necessary that a trader complains of lack of facilities just because he/she is facing losses. Why complaints are correlated to losses, even a profitable trader needs good service. Just because if somebody complains about the lacunae he/she becomes a loss making trader. Sab chalta hai approach in India has let down in many spheres.
Infact most people try their best to adjust to circumstances and inefficiencies and this has made the system immune enough to ignore the select few who try to raise their concerns.

Getting a good trading platform is the right of a trader. No brokerage house is doing any kind of charitable work by giving trader a right to trade. They are into this business for their own profits. Brokerage rates have come down due to many other reasons not because of the large heartedness of brokers.

:thumb: :thumb: :thumb: