InvestorQ : What is algorithmic trading? Can I access it in India?
Sadaf Khan made post

What is algorithmic trading? Can I access it in India?

Nishita Gala answered.
1 year ago

Algorithmic trading uses computer codes and chart analysis to enter and exit trades according to set parameters such as price movements or volatility levels. Once the current market conditions match any predetermined criteria, trading algorithms can execute a buy or sell order on your behalf. This can save you time scanning the markets, and it means that your trades are executed almost instantly. Algo Trading is automated , which means you throw your own strategies to the program and it gives you the result according to your preference. Almost a decade ago, SEBI (Securities & Exchange Board of India) allowed the DMA (Direct Market Access) to the stockbrokers, making Algo Trading legal in India. Since then, DMA has swept away the entire banking and securities market in India.

Some of the leading stockbroking houses in India have launched programs that make the algo trading ecosystem in the country stronger. The latest entrant to this stage is IIFL Securities. Blaze, launched by IIFL, is a suite of powerful tools and strategies for professional traders and quant developers for rapid development, testing and deployment of simple to sophisticated trading strategies into constantly evolving financial marketplace. Blaze combines powerful features such as, multi-asset trading across multiple liquidity venues from your algorithmic trading strategies with comprehensive risk management system to ensure safety and soundness of your investments.