Omnesys NEST Vs Tradelab Pi Trading Platform Comparison

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

Omnesys NEST Vs Tradelab Pi

  Omnesys NEST Tradelab Pi
Omnesys NEST Logo Tradelab Pi 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.

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 Thomson Reuters International Services Private Ltd Tradelab Software Pvt. Ltd.
Trading Segments Offered NSE, BSE, NSE FNO, Currency, MCX and NCDEX Commodity Equity, Equity F&O, Commodity F&O, Currency F&O
Products Offered CNC, MIS, NRML, BO, CO CNC, MIS, NRML, BTST, BO, CO
Order Type Offered Limit, Market, SL, SL-M Limit, Market, SL, SL-M, CO, BO, AMO
Supported Exchanges BSE, NSE, MCX, NCDEX BSE, NSE, MCX
Brokers using this platform
Order Management System (OMS) Omnesys NEST OMS Omnesys OMS
Risk Management System (RMA) Omnesys NEST RMS Omnesys RMS
Trading Platform Enquiry Open Account Open Account

Omnesys NEST Vs Tradelab Pi Review

  Omnesys NEST Tradelab Pi
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.
  • 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

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.    
  • 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
  • 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.
  • 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
  • Slow in adopting new technology, especially in front-end of the application.
  • Longer turnaround time in incorporating new feature.
  • It's 3rd party software rented by stock brokers.

Omnesys NEST Vs Tradelab Pi Features

  Omnesys NEST Tradelab Pi
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 No
Online Mutual Funds No No
Integrated Backoffice No No

Omnesys NEST Vs Tradelab Pi Charts

  Omnesys NEST Tradelab Pi
Chart Types Supported 5 10
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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