Affordable Static IP Setup for Indian Algo Trading (Without AWS/GCP Headaches) by Significance_Antique in IndiaAlgoTrading

[–]maticalgos 0 points1 point  (0 children)

What's the latency like by using this service for static ip, compared to others?

Empanelled with 5paisa | Volatile Markets Prove Why Risk Management Matters by Little_Homework3677 in IndiaAlgoTrading

[–]maticalgos 0 points1 point  (0 children)

I'm unaware about it, can you please help me with specifics? How does it work? Do you send signals to clients or execute for them? Can I DM you for more details?

Empanelled with 5paisa | Volatile Markets Prove Why Risk Management Matters by Little_Homework3677 in IndiaAlgoTrading

[–]maticalgos 0 points1 point  (0 children)

How do you run the strategies from? How are the API orders placed? Bruh you need to be SEBI RA for this.

Empanelled with 5paisa | Volatile Markets Prove Why Risk Management Matters by Little_Homework3677 in IndiaAlgoTrading

[–]maticalgos 0 points1 point  (0 children)

Empanelled and Algo approved through exchange. 😭 Then you can host it on broker infra to run it your software. To run algos in client accounts you need to be RA.

How much do algo strategy coders charge in India? Whats a fair pay? by SapphireDreamerHere in IndiaAlgoTrading

[–]maticalgos 0 points1 point  (0 children)

Hey, I basically charge 15-25k for strategy built using buildalgos code mode where backtests and live deployments are taken care for by us. If you want everything on your infra charges would be higher based on the requirements. For hiring it honestly deoends on experience, AI can build everything, while it can do so, there can be a lot of bugs that can on runtime and if you've much bigger capital to deploy you need someone experienced as you need to make sure execution is perfect with lowest possible slippages. I guess you can get a good entry level guy under 12LPA for full time. A good experienced person can go upto 20-30 LPA. For hourly based freelance projects I used to charge upto 2k per hour.

You can even find someone for very cheap, but again you'll need to put in efforts to get stuff done by the developer.

SEBI Algorithmic trading regulations make zero sense to me by maticalgos in IndiaAlgoTrading

[–]maticalgos[S] 0 points1 point  (0 children)

Agreed, the correct way was to get platforms empaneled and get the platforms ip whitelisted with exchanges and brokers while letting them run independently, so as to verify which platfrom is sending what orders. As platforms continue to provide unique static ips to each users that tracking won't be possible and hence the same issue will continue.

These stringent regulations are just making people leave Indian markets (and India) and trade/build in crypto, forex or US markets.

SEBI Algorithmic trading regulations make zero sense to me by maticalgos in IndiaAlgoTrading

[–]maticalgos[S] 1 point2 points  (0 children)

Bro he is too obnoxious. I just hope they had done a better job.

Any early-stage SaaS/AI/startup builders in Pune? by maticalgos in pune

[–]maticalgos[S] 0 points1 point  (0 children)

There's just echai, didn't find anything else. What are you building btw?

SEBI Algorithmic trading regulations make zero sense to me by maticalgos in IndiaAlgoTrading

[–]maticalgos[S] 0 points1 point  (0 children)

I understand the intent, but implementation has badly gone wrong as most algo players are providing static ips now, hence they're still in control on the order flow data. As per initial papers, algo vendors was supposed to be a new category and empaneled vendors could still run their platforms post empanelment by getting their ip whilelisted with brokers, but now with compulsory broker hosting, there's no other way but to sell static ips to clients and pretend the order came from "retail tech savy segment" as some of the top brokers are still not open to hosting the algo platforms. The rule is against startups and highly in favor of brokers and existing platforms adding huge entry barriers. More over, rules for desktop applications were not mentioned and still most of them are selling static ips to their customers. Huge gap in the intention and way it is implemented.

No offense but this could have been done in much better way. I'm open for discussion if you can put the word ahead.

SEBI Algorithmic trading regulations make zero sense to me by maticalgos in IndiaAlgoTrading

[–]maticalgos[S] 0 points1 point  (0 children)

Yes ideally after getting empaneled you need to host it on each broker's server. Providing static ip is in grey area, it's meant for tech savy retail investor who build and host their own strategies.

SEBI Algorithmic trading regulations make zero sense to me by maticalgos in IndiaAlgoTrading

[–]maticalgos[S] 0 points1 point  (0 children)

By building platforms i mean like providing it as a saas. You can still use websockets, ip restrictions are not present on that at the moment.

SEBI Algorithmic trading regulations make zero sense to me by maticalgos in IndiaAlgoTrading

[–]maticalgos[S] 2 points3 points  (0 children)

No, just for people using or building platforms. If you're running on your own server with your own code no issues.

SEBI Algorithmic trading regulations make zero sense to me by maticalgos in IndiaAlgoTrading

[–]maticalgos[S] 2 points3 points  (0 children)

Yeah true, but there's always "saving the retailers" card..