Omnesys NEST Vs NSE NOW Trading Platform Comparison

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

Omnesys NEST Vs NSE NOW

  Omnesys NEST NSE NOW
Omnesys NEST Logo NSE NOW Logo
About Trading Platform

Omnesys NEST is a leading stock trading platform in India. Omnesys NEST also provides OMS and RMS for multi-asset. NEST provides trading tools, market data, exchange connectivity and other trading solutions to traditional stockbrokers, discount stock brokers, proprietary trading desks, and exchanges.

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).

Platform Owner Thomson Reuters International Services Private Ltd National Stock Exchange of India Ltd.
Trading Segments Offered NSE, BSE, NSE FNO, Currency, MCX and NCDEX Commodity Equities, Currency and Derivatives
Products Offered CNC, MIS, NRML, BO, CO MIS, CNC, NRML
Order Type Offered Limit, Market, SL, SL-M Limit Orders, Market Orders, Stop Loss Orders, After Market Order and Cover Orders
Supported Exchanges BSE, NSE, MCX, NCDEX NSE, BSE, MCX
Brokers using this platform
Order Management System (OMS) Omnesys NEST OMS NEAT by NSE
Risk Management System (RMA) Omnesys NEST RMS NEAT by NSE
Trading Platform Enquiry Open Account Open Account

Omnesys NEST Vs NSE NOW Review

  Omnesys NEST NSE NOW
Highlights

NEST is used by over 200 traditional and discount stock brokers in India. NEST is stable, fast and powerful trading platform for trading at BSE, NSE, and MCX. Here are few key highlights of the Omnesys NEST:

  • Omnesys has experience in building fine products for India Stock Market.
  • Omnesys offers Managed Service for NEST. They take care of all the operational responsibilities of the trading platform. This includes hardware, software, exchange connectivity, client connectivity, backups and disaster recovery.
  • NEST has integrated OMS and RMS.
  • Offer API to brokers, developers, and Algo traders. The APIs are available in Java, COM, C++ and REST API.
  • The desktop trading terminal is among the most stable and powerful.
  • Advance Order Types like cover order and bracket orders are available.
  • 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.
Features

Omnesys NEST has a range of products catering to the need of a seasonal investor to the frequent trader in India Stock Market. Other than the standard trading features, here are some of the key features of the NEST Trading Platform:

  • NEST offers online trading through it desktop, web and mobile trading apps.
  • NEST offers to trade at multiple exchanges in multiple segments.
  • Integrated OMS and RMS make it really fast, stable and reliable.
  • Omnesys offer managed services to install and maintain the infrastructure for this trading platform. This results in far less downtime.
  • NEST Trader offers an ability to manage shortcut keys.
  • NEST Trader offers 360-degree analysis of stocks using streaming data, advanced charts, and live news.
  • Alerts and trigger help to keep track of the stock.
  • NEST Trader Shortcut Manager helps the user to customize shortcuts.
  • NEST has many approved strategies for Algo Trading.
  • Various plug-ins are available for advanced users.    

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.
Advantages
  • Robust and stable trading platform.
  • Very well documentation is available in PDF and Videos.
  • Advanced charts and advance order types are available.
  • A range of preference settings available for users to customize the trading experience.
  • NEST is used by over 200 retail brokers in India.
  • 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.
Disadvantages
  • Slow in adopting new technology, especially in front-end of the application.
  • Longer turnaround time in incorporating new feature.
  • 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.

Omnesys NEST Vs NSE NOW Features

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

Omnesys NEST Vs NSE NOW Charts

  Omnesys NEST NSE NOW
Chart Types Supported 5 15
Chart Indicator 64 80
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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