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
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NSE NOW |
Zerodha Pi |
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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
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National Stock Exchange of India Ltd. |
Zerodha |
Trading Segments Offered
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Equities, Currency and Derivatives |
Stocks, Commodity, Currency, Derivatives |
Products Offered
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EXE version, WEB version, Mobile version, NOW Touch |
Q, Quant |
Order Type Offered
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Market, Limit, Stoploss, StopLoss (Market), Basket, Spread, After Market Orders |
Limit, Market, StopLoss, StopLoss-Market, Bracket, Cover, After Market Orders |
Supported Exchanges
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NSE, BSE |
BSE, NSE, MCX |
Brokers using this platform
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Order Management System (OMS)
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NOW (in-built) |
Omnesys OMS |
Risk Management System (RMA)
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NOW (in-built) |
Omnesys RMS |
Trading Platform Review
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NSE NOW |
Zerodha Pi |
Product Highlights
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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.
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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
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Key Features
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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.
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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
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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
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- 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,
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Disadvantages |
- Average User Interface
- Requires good processing power to run
- Brokers are charged usage charges which most pass it on to customers
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- Supports only Windows OS.
- Some features need time to get acquainted to.
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Features of Trading Platform
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NSE NOW |
Zerodha Pi |
Installable Trading Terminal
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Trading Website
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Mobile Trading App
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API Access
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Offered by Multiple Brokers
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Equity Trading
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Currency F&O Trading
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Commodity Trading
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Online IPO Application
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Online Mutual Funds
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Integrated Backoffice
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Charts Related Features
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NSE NOW |
Zerodha Pi |
Chart Types Supported
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15 |
10 |
Chart Indicator
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80 |
80 |
Place Orders from Chart
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Features of Trading Platform
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