Hi Yusi,
I am bit surprised how come you are able to place the trade on zerodha using the same code.
When i called the zerodha guys, they forwarded me this mail.
Dear Sir,
Kindly follow the below procedure.
1. Where do you run the strategy that you want to automate?
Presently we have automated strategies on algoZ(Pulse) and Amibroker (if data feed purchased through global data feeds).
But we could ideally automate strategies on any front end similar to the above if we get a request tomorrow.
2. Getting registered on exchange as an Authorized Person.
a. Automation(orders getting placed automatically) is not possible on retail client terminals, he/she would need a dealer terminal.
Dealer terminal is similar to retail client terminal in all aspects but has 2 special features, to be able to automate, and to place orders on multiple accounts from one login.
b. To get the dealer terminal, the person has to register as an Authorized person with us on the exchange, by doing so exchange recognizes that terminal as a dealer terminal.
The one time cost for registering as an AP would be Rs 3000 per segment. So if a client wants to be registered on NSE and NFO, that means Rs 6000.
This process of getting registered on the exchange can take between 2 weeks to 1 month if all documents are in place.
3. Going live on Dealer terminal
Once the person has become an AP, he can now get a dealer terminal. But to be able to create a dealer terminal exchange will ask NISM series viii certification
Once he gives us this certificate, provided it is not already mapped to any other brokerage firm we can allot a dealer terminal to him within 24 hours. The monthly running cost for a dealer terminal is Rs 250/segment/exchange. So if he want NSE(equity), NFO(F&O) and CDS(currency on NSE) that would mean Rs 750 per month.
4. Getting strategy approved
Just because you have a dealer terminal doesn't mean that you can start auto trading, the strategy that you want to automate has to be first approved by the exchange.
The approval process would take upto 1 month.
The strategy should be first audited by a CA (charges involved, Rs 5000 to Rs 10000 per strategy), we at Zerodha can help getting this audited if the client can't do it on his own.
The strategy tested in UAT (user acceptance testing) and he should also participate in mock trading conducted by the exchanges.
The demo should be given to the exchange and once they approve, you can start auto trading.
Once the dealer terminal starts running automated strategies, there will be no manual trading allowed.
5. Costs:
If he is automating through algoZ : Rs 2500 per month
If he is automating strategies from amibroker: Rs 4000 per month. If he pays 6 months upfront we charge him at Rs 3000 per month.
The above charges includes the dealer rental charges for NSE, NFO, CDS.
Regards,
I am bit surprised how come you are able to place the trade on zerodha using the same code.
When i called the zerodha guys, they forwarded me this mail.
Dear Sir,
Kindly follow the below procedure.
1. Where do you run the strategy that you want to automate?
Presently we have automated strategies on algoZ(Pulse) and Amibroker (if data feed purchased through global data feeds).
But we could ideally automate strategies on any front end similar to the above if we get a request tomorrow.
2. Getting registered on exchange as an Authorized Person.
a. Automation(orders getting placed automatically) is not possible on retail client terminals, he/she would need a dealer terminal.
Dealer terminal is similar to retail client terminal in all aspects but has 2 special features, to be able to automate, and to place orders on multiple accounts from one login.
b. To get the dealer terminal, the person has to register as an Authorized person with us on the exchange, by doing so exchange recognizes that terminal as a dealer terminal.
The one time cost for registering as an AP would be Rs 3000 per segment. So if a client wants to be registered on NSE and NFO, that means Rs 6000.
This process of getting registered on the exchange can take between 2 weeks to 1 month if all documents are in place.
3. Going live on Dealer terminal
Once the person has become an AP, he can now get a dealer terminal. But to be able to create a dealer terminal exchange will ask NISM series viii certification
Once he gives us this certificate, provided it is not already mapped to any other brokerage firm we can allot a dealer terminal to him within 24 hours. The monthly running cost for a dealer terminal is Rs 250/segment/exchange. So if he want NSE(equity), NFO(F&O) and CDS(currency on NSE) that would mean Rs 750 per month.
4. Getting strategy approved
Just because you have a dealer terminal doesn't mean that you can start auto trading, the strategy that you want to automate has to be first approved by the exchange.
The approval process would take upto 1 month.
The strategy should be first audited by a CA (charges involved, Rs 5000 to Rs 10000 per strategy), we at Zerodha can help getting this audited if the client can't do it on his own.
The strategy tested in UAT (user acceptance testing) and he should also participate in mock trading conducted by the exchanges.
The demo should be given to the exchange and once they approve, you can start auto trading.
Once the dealer terminal starts running automated strategies, there will be no manual trading allowed.
5. Costs:
If he is automating through algoZ : Rs 2500 per month
If he is automating strategies from amibroker: Rs 4000 per month. If he pays 6 months upfront we charge him at Rs 3000 per month.
The above charges includes the dealer rental charges for NSE, NFO, CDS.
Regards,
