ODIN Vs Fyers One Trading Platform Comparison

Compare Trading Platform ODIN and Fyers One. Find similarities and differences between ODIN and Fyers One Trading Softwares. Find the most powerful trading platform. Find which trading software is better among ODIN and Fyers One.

ODIN Vs Fyers One

  ODIN Fyers One
ODIN Logo Fyers One Logo
About Trading Platform

63 moons is a financial service company offering its services in the area including Exchange Technology Solutions, Brokerage Technology Solutions, and Risk Solutions. Company's flagship product ODIN is among the leading trading platforms in India. ODIN offers end-to-end online trading solutions to brokers in India.

ODIN Trader Work Station is an integrated Dealer trading application, with real-time exchange broadcast, Order Management, Trading reports along with various Decision support and Alert generating tools inbuilt to aid the dealers in making an informed decision at the time of transactions.

The uses of its software have declined sharply after the company chairman was jailed because of the fraud transactions at NSEL 2013. ODIN is still used by many top financial service providers in India and across the world.

Launched in May 2016, Fyers One is an installable trading terminal for online trading. It offers trading across multiple segments including commodity, equity cash, F&O, and currency derivatives. With advanced charting features, market scanners, technical indicators, and customizable workspace, it is a platform designed for professional traders.

Platform Owner 63 moons technologies limited Fyers securities
Trading Segments Offered NSE, BSE, NSE FNO, Currency, MCX and NCDEX Commodity Equities, Currency, Commodities and Derivatives
Products Offered CNC, MIS, NRML, BTST, BO, CO, BTST, MTF Regular, Cover Order, Bracket Order, AMO, Intraday, CNC, Margin
Order Type Offered RL, SL, ST, AON, MF, MIT Limit, Market, Stop Loss, Stop Loss Limit
Supported Exchanges BSE, NSE, MCX, NCDEX NSE, BSE, MCX
Brokers using this platform
Order Management System (OMS) ODIN OMS Omnesys OMS
Risk Management System (RMA) ODIN RMS Omnesys RMS
Trading Platform Enquiry Open Account Open Account

ODIN Vs Fyers One Review

  ODIN Fyers One
Highlights

ODIN trading software is used by over 1000+ brokers / financial institutes in India. It is a stable, fast and a powerful trading platform for trading at BSE, NSE, and MCX. Here are a few key highlights of the ODIN Diet:

  • ODIN is the oldest and most used trading platform. It had over 75% market share in 2015.
  • ODIN provides end-to-end solutions for Brokers. It includes Front Office, Middle Office, Back Office Clearing, Settlement, Accounting, and Messaging Solutions.
  • The company offers Managed Service for ODIN. This means they take care of hardware, software, exchange connectivity, client connectivity, backups and disaster recovery on behalf of the broker.
  • ODIN has integrated OMS and RMS.
  • Offer API to brokers. The brokers can develop their own front-end applications using these APIs.
  • ODIN Diet trading terminal is the strongest offering by the company. This market dominance product is the best tool available for trading for frequent traders and dealer desks for over 2 decades. 

ODIN had a monopoly in the trading solutions business until 2013. The growth of the product stalled after the owner got caught in 2013 fraud at NSEL. The company's fate is in limbo as the prosecutors are trying to recover over Rs 5000 Cr.

Highlights of the Fyers One Trading Terminal are mentioned below:

  • In-house built trading platform.
  • The trading platform built on active feedback from customers.
  • Trading charts powered by Tradingview
  • Advanced charting with more than 65 technical indicators
  • In-built Live Scanner & Trend Scanner
  • 10+ workspaces
  • Multi-time frame charts
  • F&O Analysis tool available
  • EOD reports
  • Range of shortcut keys are available

 

Fyers One Screenshot

 

Features

ODIN Diet is a comprehensive trading tool. It offers to trade in equity, currency, and commodity, all under one screen and with one login. You can trade at BSE, NSE, MCX, and NCDEX.

ODIN Diet is built for frequent trader and for dealers who place orders on behalf of customers. Other than the standard trading features, here are some of the key features of the ODIN Trading Platform:

  • ODIN offers online trading through it's desktop, web and mobile trading apps.
  • ODIN Trading Terminal (ODIN Diet) is the most powerful and popular trading terminal for the desktop.
  • ODIN offers access to all asset classes at multiple exchanges.
  • ODIN has an integrated OMS and RMS which makes it fast, stable and reliable.
  • It has integrated DP and back office.
  • ODIN is also offered as managed services. This means the broker doesn't have to bother about maintaining the trading platform. This results in far less downtime.
  • Plug-ins are available for advanced users.
  • 3rd party plug-ins can be installed on ODIN. This feature is not available on other trading platforms.
  • It supports multiple market depth windows
  • It allows the user to create custom indicators that are now possible in NSE NOW and Omnesys NEST.
  • Advanced charting providing intraday data and historical EOD data.
  • Inbuilt stock screeners to find real-time opportunities.
  • 65+ technical indicators to provide 3-dimension analysis.
  • Charts with multiple time frame options to spot indices.
  • Stock screeners to analyse a trend, view intraday moments, etc.
  • Market Meter to gauge stocks responsible for the market up/down.
  • F&O Analysis for the informed traders to make trading decision speedily.
  • 10+ different types of workspaces.
Advantages
  • Robust and stable trading platform. Trusted by over 800 brokers for 20 years.
  • Advanced charts and advance order types are available.
  • Allow customers to create custom indicators.
  • Advance charting
  • Advanced EOD reports of up to 10+ years.
  • Stock screeners to filter, track and research stocks.
  • 65+ technical indicators for advanced charting.
Disadvantages
  • The parent company is in trouble because of the fraud at NSEL.
  • This trading platform is not offered by any discount broker.
  • Features like Back-Testing, Semi Algo Trading, Bracket Orders are missing
  • Slow in adopting new technology, especially in front-end of the application.
  • Longer turnaround time in incorporating new feature.
  • Fyers One is not available for Mac iOS users.
  • Requires high system requirements to run smoothly.

ODIN Vs Fyers One Features

  ODIN Fyers One
Installable Trading Terminal Yes Yes
Trading Website Yes Yes
Mobile Trading App Yes Yes
API Access Yes 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 Yes No

ODIN Vs Fyers One Charts

  ODIN Fyers One
Chart Types Supported 4
Chart Indicator 100 65
Place Orders from Chart No 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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