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Algo Trading API

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Algo Trading API & It’s Benefits

Growth markets, regulatory approvals, and a growing number of algorithmic trading APIs have made API trading markets a trend. Brokers have also played a key role in making algorithmic trading widely available to retailers and businesses.

The market can be traded in different ways. One option is to use the trading API provided by brokers. This blog covers a brief overview of APIs, their types, and some brokers that offer trading APIs.

What is an API?

API stands for Application Programming Interface. An API is a software intermediary that can make two programs talk to each other. Let’s dive into understanding how APIs work.

As you can see in the image below, the API role sits between the application and the server when you send a request to the application to do something.

Therefore, when you request to retrieve data in the application during trading, the application sends a request to the server through the trading interface. After reaching the server, the request is processed, and the desired result is displayed.

What is Algo Trading?

Algo Trading is a way of processing or executing orders using automated pre-programmed trading instructions or mathematical models (algorithms). The method utilizes high-frequency trading technology to enable thousands of trades every nanosecond. Algo traders define their patterns based on variables in the computer such as price, time, and volume, and when the instructions are executed, orders are automatically placed to record profits. The best part is that users can create algorithms and deploy them to make buy or sell orders.

Advantages of Algorithmic Trading

Algorithmic trading offers the following advantages:

● Trades are accomplished at the best possible price.
● Transmission of trading orders is immediate and accurate (high probability of execution at recommended levels).
● Transactions are timed correctly and immediately to avoid major price changes.
● Reduced transaction costs.
● Simultaneous automatic control in multiple market conditions.
● Less risk of manual errors during transactions.
● Algo trading can be tested against available historical and live data to see if it is a viable trading strategy.
● Reduces the possibility of human traders making mistakes based on emotional and psychological factors.

Best Algo Trading Strategies

Check out the top 3 Algo trading strategies commonly used by professional traders:
● Mean Reversion Strategy
● Trend Following Strategy
● Arbitrage Trading Strategy

Why Use API for Algo Trading?
Now let’s see why the API is recommended for trading. Here are some of the benefits:

Security

Communication between the Commerce API website and you are via small data packets consisting of only the information it is told to retrieve. For example, only the trade order passes through the trade API and no other information about your system. Customizing the API, the most useful thing about the Trading API is that the user interface can be customized according to the traders’ needs. Therefore, the trading API can be used according to your preferences.

Get Live Data

The Trading API allows you to get streaming or real-time data about your trades. Getting real-time information is the most important first step for any trader. With quick access to real-time information, you can make your business journey a success.

Flexible REST API

Business API provides you with a flexible RESTful API compatible with multiple computer languages ​​that best suits your convenience and needs.

In Summary

Algae Trading can be really profitable if done right. The advantages of algo trading are that orders are placed instantly at accurate prices without human error.

The most original business today is High-Frequency Trading (HFT), which tries to utilize a large number of orders at high speed in multiple markets and multiple decision parameters based on pre-programmed instructions.

For trade in algorithmic trading, open an account with us. Please fill out the KYC online for trading.

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Table of Contents

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  • Prevent Unauthorized Transactions in your Trading / Demat account --> Update your Mobile Numbers / email IDs with your Stock Brokers / Depository Participant. Receive alerts on your Registered Mobile / email IDs for trading account transactions and all debit and other important transactions in your demat account directly from Exchange / CDSL on the same day ......................Issued in the interest of Investors.
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  • Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 01, 2020.
  • Update your email id and mobile number with your stock broker / depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.
  • Check your securities / MF / bonds in the consolidated account statement issued by NSDL/CDSL every month
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Disclosure of Proprietary Account Trading & NSE by Members to Clients : Proprietary Trading Disclosure: In terms of provisions of the Rules, Bye-Laws and Business Rules of the Exchanges and Pursuant to SEBI Circular Number SEBI/MRD/SE/Cir-42/2003 dated November 19, 2003 & SEBI/HO/CDMRD/DMP/CIR/P/2016/49 dated April 25, 2016 regarding Disclosure of Proprietary Account Trading by broker to client, Gill Broking Private Limited Discloses to its clients about its policies on proprietary trades. Gill Broking Private Limited is doing client based trading and Pro-account trading. GILL BROKING – SEBI REG INZ000168338 | CIN NO.- U67190DL2017PTC324293 | FOR ANY GRIEVANCE, PLEASE WRITE TO US: GRIEVANCE@GILLBROKING.COM

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Attention Investors!

• Beware of fixed/guaranteed/regular returns/ capital protection schemes. Brokers or their authorized persons or any of their associates are not authorized to offer fixed/guaranteed/regular returns/ capital protection on your investment or authorized to enter into any loan agreement with you to pay interest on the funds offered by you. Please note that in case of default of a member claim for funds or securities given to the broker under any arrangement/ agreement of indicative return will not be accepted by the relevant Committee of the Exchange as per the approved norms.
• Ensure that pay-out of funds/securities is received in your account within 1 working day from the date of pay-out.
• Be careful while executing the PoA (Power of Attorney) – specify all the rights that the stock broker can exercise and timeframe for which PoA is valid. It may be noted that PoA is not a mandatory requirement as per SEBI / Exchanges.
• Register for online applications viz Speed-e and Easiest provided by Depositories for online delivery of securities as an alternative to PoA.

• Do not keep funds idle with the Stock Broker. Please note that your stock broker has to return the credit balance lying with them, within three working days in case you have not done any transaction within last 30 calendar days. Please note that in case of default of a Member, claim for funds and securities, without any transaction on the exchange will not be accepted by the relevant Committee of the Exchange as per the approved norms.

• Check the frequency of accounts settlement opted for. If you have opted for running account, please ensure that your broker settles your account and, in any case, not later than once in 90 days (or 30 days if you have opted for 30 days settlement). In case of declaration of trading member as defaulter, the claims of clients against such defaulter member would be subject to norms for eligibility of claims for compensation from IPF to the clients of the defaulter member. These norms are available on Exchange website at following link: NSE, MCX

• Brokers are not permitted to accept transfer of securities as margin. Securities offered as margin/ collateral MUST remain in the account of the client and can be pledged to the broker only by way of ‘margin pledge’, created in the Depository system. Clients are not permitted to place any securities with the broker or associate of the broker or authorized person of the broker for any reason. Broker can take securities belonging to clients only for settlement of securities sold by the client.

• Always keep your contact details viz. Mobile number/Email ID updated with the stock broker. Email and mobile number is mandatory and you must provide the same to your broker for updation in Exchange records. You must immediately take up the matter with Stock Broker/Exchange if you are not receiving the messages from Exchange/Depositories regularly.

• Don’t ignore any emails/SMSs received from the Exchange for trades done by you. Verify the same with the Contract notes/Statement of accounts received from your broker and report discrepancy, if any, to your broker in writing immediately and if the Stock Broker does not respond, please take this up with the Exchange/Depositories forthwith.

• Check messages sent by Exchanges on a weekly basis regarding funds and securities balances reported by the trading member, compare it with the weekly statement of account sent by broker and immediately raise a concern to the exchange if you notice a discrepancy.

• Please do not transfer funds, for the purposes of trading to anyone, including an authorized person or an associate of the broker, other than a SEBI registered Stock broker.

• Do not deal with unregistered intermediaries (who are not registered with SEBI/Exchanges).

Names and contact details of all Key Managerial Personnel including Compliance Officer

Sr. No.Name of the IndividualDesignationContact NumbersEmail Id
1 Charanpreet GillCEO/MD011-40345555admin@gillbroking.com
2 Charanpreet GillWhole Time Director011-40345555gillbroking@gmail.com
3 Charanpreet GillCompliance officer011-40345555compliance@gillbroking.com
4Manpriya GillDesignated Director-1011-40345555manngill04@gmail.com
5Kewal GillDesignated Director-2011-40345555fvwealth@gmail.com

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