| Purpose | Automated system for executing trades with precision, speed, and risk controls while minimizing slippage and human error |
| Core Function | Converts trading signals into actual market orders with intelligent order management, execution optimization, and comprehensive safety checks |
| Nse | 09:15 - 15:30 IST • 09:00 - 09:15 IST • 15:40 - 16:00 IST • ₹0.05 for most stocks • Varies by contract (e.g., Nifty: 25, Bank Nifty: 15) |
| Bse | 09:15 - 15:30 IST • 10 units |
| Mcx | 09:00 - 23:30 IST (extended for certain commodities) |
| Zerodha Kite | REST + WebSocket • 3 requests/second for orders |
| Upstox | REST + WebSocket |
| Angel One | REST + WebSocket • Enhanced order management |
| Icici Direct | REST |
| Kotak Neo | REST + WebSocket |
| Sebi Requirements | Brokers must register algo strategies with exchanges • Each algo must have unique ID for audit trail • Mandatory emergency stop capability • Orders rejected if outside circuit limits • Exchanges monitor excessive order modifications |
| Exchange Risk Management | Value at Risk based margin collection • Extreme Loss Margin for volatile conditions • For F&O positions • Additional margin for overnight positions • Daily mark-to-market for derivatives |
| Circuit Breakers | 10%, 15%, 20% movement triggers market-wide halt • 2%, 5%, 10%, 20% bands for individual stocks • Operating range updated based on previous close |
| Stt | 0.1% on buy and sell • 0.025% on sell side only • 0.02% on sell side • 0.1% on sell side (on premium) |
| Exchange Charges | 0.00297% • 0.0019% • 0.00275% • 0.0021% |
| Gst | 18% on brokerage and transaction charges |
| Stamp Duty | 0.015% on buy side for equity |
| Sebi Charges | 0.0001% |
| Matching Engine | Price-time priority at NSE/BSE |
| Order Book Depth | 5 best bids/asks visible in Level 2 data |
| Trade Confirmation | Real-time via API webhooks |
| Settlement Cycle | T+1 for equity (from January 2023) |
AlgoKing is a flight simulator for traders — real market data, real backtests, zero real-money risk.
Create your free accountEducational simulation platform. Not investment advice. No SEBI registration required.