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NSE NOW Vs Zerodha Pi Options Trading Platform Comparison

Compare Trading Platform NSE NOW and Zerodha Pi. Find similarities and differences between NSE NOW and Zerodha Pi Trading Softwares. Find the most powerful trading platform. Find which trading software is better among NSE NOW and Zerodha Pi.

NSE NOW Vs Zerodha Pi

  NSE NOW Zerodha Pi
NSE NOW Logo Zerodha Pi Logo
About Trading Platform

NSE NOW is an installable trading platform owned by NSE. It facilitates trading in multiple segments across multiple exchanges in addition to allowing traders to invest in IPOs and Mutual Funds. The platform is known for its speed and comprehensive set of features. It is a licensed platform used by over 100 brokers in the country.

Zerodha's PI is a free, installable trading platform developed in-house. The platform features advanced charting, algos, strategies, and backtesting.

Platform Owner What is this parameter? National Stock Exchange of India Ltd. Zerodha
Trading Segments Offered What is this parameter?

Equities, Currency and Derivatives

Stocks, Commodity, Currency, Derivatives

Products Offered What is this parameter?

EXE version, WEB version, Mobile version, NOW Touch

Q, Quant

Order Type Offered What is this parameter?

Market, Limit, Stoploss, StopLoss (Market), Basket, Spread, After Market Orders

Limit, Market, StopLoss, StopLoss-Market, Bracket, Cover, After Market Orders

Supported Exchanges What is this parameter?

NSE, BSE

BSE, NSE, MCX

Brokers using this platform What is this parameter?
Order Management System (OMS) What is this parameter? NOW (in-built)

Omnesys OMS

Risk Management System (RMA) What is this parameter? NOW (in-built)

Omnesys RMS

Trading Platform Review

  NSE NOW Zerodha Pi
Product Highlights What is this parameter?

NOW trading platform is licensed to over 100 brokers and used by millions of traders. The platform is known for its top speed and reliable execution. Some of the major highlights of the platform are-

  • Exhaustive Administration features
  • A robust risk management system
  • high speed and reliability
  • Day-wise and net- wise reports.
  • Advanced graphs and charts.

Zerodha's Pi offers many unique features to make trading fast and accurate. Some of the major highlights of the platform are-

  • Leverages advanced technologies like AI and neural networks etc., to offer powerful trading tools.
  • Loads of historical data for analysis and backtesting
  • Charting and pattern recognition helps in deeper analysis of stocks
  • Offers automated trading advice
  • Integration with 3rd party tools
Key Features What is this parameter? NSE NOW Platform Features

Source:Asthatrade.com

NSE NOW trading platform is perfect for all types of traders. Here are some of the major features-

  • Single platform to trade hassle free across all asset classes (Equities, Derivatives, Currencies, Commodities, Offer for Sale).
  • Fastest order execution
  • Real-time streaming quotes and market data
  • Facilitates Portfolio and Holdings Tracking
  • Market watch Groups creation
  • More than 15 charts with 80+ technical indicators
  • Fund Transfer and Monitoring Margin utilization.

Zerodha's Pi offers a range of features suitable for beginner to advanced traders. Some of the major features are-

  • Single platform to trade in multiple segments and exchanges
  • Single platform for trading, charting and analyzing
  • Integrated OMS and RMS for fast and accurate trading.
  • 10 different types of charts, 80 built-in technical indicators and over 30 drawing tools for annotation.
  • One click direct trading from charts
  • Support for coding advanced strategies and backtesting
  • Supports pattern recognition scanner for technical analysis
  • Access to loads of historical data
Advantages
  • Fast and reliable trading platform
  • Licensed by over 100 brokers
  • Comprehensive set of features
  • Robust risk management system
  • Access to suite of data feed products of NSE
  • Advanced charting with 10 different types of charts, 80 technical indicators and over 30 drawing tools.
  • Zerodha Pi uses works with basic desktop configuration.
  • Integrates with 3rd party platforms like Ninja Trader, Meta Trader and Ami Broker,
Disadvantages
  • Average User Interface
  • Requires good processing power to run
  • Brokers are charged usage charges which most pass it on to customers
  • Supports only Windows OS.
  • Some features need time to get acquainted to.

Features of Trading Platform

  NSE NOW Zerodha Pi
Installable Trading Terminal What is this parameter? Yes Yes
Trading Website What is this parameter? Yes No
Mobile Trading App What is this parameter? Yes No
API Access What is this parameter? No No
Offered by Multiple Brokers What is this parameter? Yes No
Equity Trading What is this parameter? Yes Yes
Currency F&O Trading What is this parameter? Yes Yes
Commodity Trading What is this parameter? Yes Yes
Online IPO Application What is this parameter? Yes No
Online Mutual Funds What is this parameter? Yes No
Integrated Backoffice What is this parameter? No No

Charts Related Features

  NSE NOW Zerodha Pi
Chart Types Supported What is this parameter? 15 10
Chart Indicator What is this parameter? 80 80
Place Orders from Chart What is this parameter? No Yes

Trading Platform Related Abbreviations / Definitions

  • Back-Office - The back office application facilitate trade analysis, managing funds in the trading account, managing portfolio, pledged holdings, P&L Statements, reports related to tax filings, end of day reports and historical data.
  • OMS – An Order Management System is a software program developed to execute market transactions in an efficient and cost-effective manner. Stockbroker uses OMS to manage orders received from customers.
  • RMS - The risk management system of Trading Platform. This core component manages various risk components while trading. This includes making sure that customer has enough margin available for open positions and take the required actions in case of short of capital.
  • Trading Product Types
    • MIS - Margin Intraday Square-off
    • CNC - Cash n Carry
    • NRML - Normal F&O trades
    • BO - Bracket Order
    • CO - Cover Order
    • AMO - After Market Order
  • Order Types
    • Market Order
    • Limit Order
    • SL Order - Stoploss or trigger
    • SL-M Order - Stoploss Market
  • Exchanges
    • BSE - Bombay Stock Exchange
    • NSE - National Stock Exchange
    • MCX - Multi Commodity Exchange