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NSE NOW Vs Sharekhan TradeTiger (TT) Trading Platform Comparison

Compare Trading Platform NSE NOW and Sharekhan TradeTiger (TT). Find similarities and differences between NSE NOW and Sharekhan TradeTiger (TT) Trading Softwares. Find the most powerful trading platform. Find which trading software is better among NSE NOW and Sharekhan TradeTiger (TT).

NSE NOW Vs Sharekhan TradeTiger (TT)

  NSE NOW Sharekhan TradeTiger (TT)
NSE NOW Logo Sharekhan TradeTiger (TT) Logo
About Trading Platform

NOW (NEAT on Web) is the flagship online trading platform offered by National Stock Exchange (NSE). NOW is a shared platform which is offered to the customer of many brokers. NSE exchange runs on a fully automated trading system named NEAT (National Exchange for Automated Trading).

Sharekhan Trade Tiger is a powerful installable trading terminal offering advance online stock trading to retail customers. Launched in 2007, Trade Tiger offers a wide range of tools, data, charts and customization features. It is one of the most recommended trading platforms for active traders.

Platform Owner National Stock Exchange of India Ltd. Sharekhan BNP Paribas
Trading Segments Offered Equities, Currency and Derivatives Equity, Equity F&O, Currency F&O, Commodities F&O
Products Offered MIS, CNC, NRML
Order Type Offered Limit Orders, Market Orders, Stop Loss Orders, After Market Order and Cover Orders Market Orders, Limit, Market, SL, BO, CO, GTC, GTD, AMO
Supported Exchanges NSE, BSE, MCX BSE, NSE, MCX, NCDEX
Brokers using this platform
Order Management System (OMS) NEAT by NSE Sharekhan OMS
Risk Management System (RMA) NEAT by NSE Sharekhan RMS
Trading Platform Enquiry Open Account Open Account

NSE NOW Vs Sharekhan TradeTiger (TT) Review

  NSE NOW Sharekhan TradeTiger (TT)
Highlights
  • NOW is build and maintained by NSE.
  • The servers are co-located in NSE datacenters which makes it fast.
  • The RMS and OMS are the inbuilt part of NOW.
  • Available for free of charge to brokers who are the member of NSE.
  • NOW have 3 versions - installable trading terminal, trading website, and mobile trading app.
  • NOW mobile app is available for Android as well as iOS phones.

Key highlights of Trade Tiger trading platform are:

  • 90+ charts and 30+ indicator for advanced traders.
  • Open multiple charts in a single screen.
  • Stock scanner with simple filters to identify trade opportunities.
  • Ability to place bulk orders with a single click.
  • Option quotes with more than 30 trading strategies, portfolio greeks, pay-off charts and so on
  • Access to real-time research analysis and call on market trends.
  • Create a personalized experience at TradeTiger.
  • Free online training academy to educate users.
  • Dedicated support desk to resolve any issues related to Trade Tiger.
  • AmiBroker integration is available.
  • API integration with other software's is available.
  • A single platform to access multiple exchanges and segments.
Features

NOW offers a wide range of functions which are critical for trading in the stock market. NOW Website and the Mobile app is designed for casual stock market investors. The trading terminal the powerful trading software for frequent traders. Here are some of the key features of NOW Trading Platform:

  • Online trading through desktop, web and mobile app.
  • Trade at multiple exchanges and across multiple trading segments.
  • In-build OMS and RMS makes it faster.
  • NOW trading platform is maintained by NSE. No installation is needed on broker side. No security issues on the broker side.
  • A wide range of shortcut keys are available for frequent traders.
  • Live quotes, stock analysis, historical data, reports etc are available.
  • Custom stock alerts/notifications can be set up.
  • Additional plug-ins are provided by NSE for specific needs.

Some of the important features of TradeTiger are as below:

  • Personalized Chart Toolbar
  • Trade from Charts
  • Bracket Order with Trailing Stop Loss
  • Pre-define Order quantity settings
  • My GTD Order
  • Add strategy using Portfolio management system
  • Trade from MS Excel
  • AmiBroker Trading Bridge
  • Ichimoku Indicator
  • Dynamic One Click filter
  • Stock Scanner
  • News and Events
  • API Integration
Advantages
  • Available for free for trading at NSE.
  • Fast execution of orders. The servers are co-located with NSE Exchange.
  • Trade at BSE, NSE, MCX, and NCDEX across all segments.
  • Most advance trading software in India.
  • Very stable trading platform with rare downtime.
  • It has everything needed by an active trader.
  • Loaded with advanced trading features.
  • Get live news, research reports, and tips.
  • Support available for technical issues.
  • Initial hand holding is available through personal training.
Disadvantages
  • Most stockbrokers do not offer to trade at BSE and MCX through NOW.
  • Advanced charting features are not available.
  • Bracket order is not available.
  • The user interface is not as intuitive as other trading platforms.
  • Sharekhan brokerage charges are high. Discount stock brokers like Zerodha charge 60% to 90% less brokerage.
  • Dedicated relationship manager may push you for trading.
  • Trade Tiger is now available for a Mac computer
  • It doesn't offer Mutual Fund investment.
  • Not transparent in terms of fees, brokerage, and AMC.

NSE NOW Vs Sharekhan TradeTiger (TT) Features

  NSE NOW Sharekhan TradeTiger (TT)
Installable Trading Terminal Yes Yes
Trading Website Yes No
Mobile Trading App Yes No
API Access No Yes
Offered by Multiple Brokers Yes No
Equity Trading Yes Yes
Currency F&O Trading Yes Yes
Commodity Trading Yes Yes
Online IPO Application Yes No
Online Mutual Funds Yes No
Integrated Backoffice No No

NSE NOW Vs Sharekhan TradeTiger (TT) Charts

  NSE NOW Sharekhan TradeTiger (TT)
Chart Types Supported 15 90
Chart Indicator 80 30
Place Orders from Chart Yes Yes

Trading Platform Definitions and Abbreviations

  • 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