NSE NOW Vs Tradelab Pi Trading Platform Comparison

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

NSE NOW Vs Tradelab Pi

  NSE NOW Tradelab Pi
NSE NOW Logo Tradelab Pi 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).

Tradelab Pi is a front-end stock trading platform. It offers web, mobile and desktop-based trading applications for retail traders. Designed for beginners to advanced traders, these trading apps are simple yet very powerful in terms of speed of execution and rich features.

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

NSE NOW Vs Tradelab Pi Review

  NSE NOW Tradelab Pi
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.
  • Pi is designed, built and maintained by Tradelab Software Pvt Ltd.
  • Pi is front-end trading software only. It uses Omnesys RMS and OMS which makes it secure and powerful.
  • Pi is available as a mobile app, desktop trading terminal, and browser-based trading website.
  • Pi's user interface is simple, fast and elegant.
  • Pi is offered by multiple stock brokers including Zerodha, Aliceblue, Trustline, SASOnline, Adroit, Religare and MasterTrust.
  • It supports multiple exchanges (NSE, BSE, and MCX) and segments (Equity, F&O, Currency, Commodity).
  • Advance order types such as Bracket Order, Cover Orders and After Market Orders are available.
  • 80+ Technical Indicators for Technical Analysis.
  • 10 types of charts such as Candle, Bar, Heikin-Ashi, etc.
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.
  • Switch seamlessly between web, mobile and desktop.
  • Get real-time market information about market indices, stocks and F&O contracts.
  • Create customize market watch and see market depth with just one click.
  • Trade across asset classes and stock exchanges (i.e. BSE, NSE and MCX) from the single trading platform.
  • Trade using advance order types i.e. CO and BO.
  • View reports including open positions, trade history and order history. Manage all your orders in one place.
  • Analyse stocks using candle charts with various studies to analyze the market.
  • Create custom alerts.
  • The Pi Installable Trading Terminal has advanced features including
    • Advanced charting
    • Keyboard shortcuts
    • Strategy back-testing
    • Consensus report,
    • Multiple window cascading
    • Order from charts
    • Technical analysis with 80+ technical indicators
    • Free historic data for back testing.
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.
  • Tradelab Pi is simple, fast and elegant trading software for online trading.
  • It was built in 2015. Tradelab is adding many new features to it.
  • Pi software uses low CPU resources and memory, allowing trade with desktop and laptop with basic configuration easily.
  • It can work at a low internet bandwidth as well.
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.
  • It's 3rd party software rented by stock brokers.

NSE NOW Vs Tradelab Pi Features

  NSE NOW Tradelab Pi
Installable Trading Terminal Yes Yes
Trading Website Yes Yes
Mobile Trading App Yes Yes
API Access No No
Offered by Multiple Brokers Yes Yes
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 Tradelab Pi Charts

  NSE NOW Tradelab Pi
Chart Types Supported 15 10
Chart Indicator 80 80
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







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