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Omnesys NEST Vs Upstox Trading Platform Comparison

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

Omnesys NEST Vs Upstox

  Omnesys NEST Upstox
Omnesys NEST Logo Upstox 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.

Upstox is a web-based trading platform introduced in 2016. The platform provides a range of features for customers to analyze their trades and trade across stocks, commodities, currencies, futures and options across NSE, BSE and MCX.

Platform Owner Thomson Reuters International Services Private Ltd RKSV Securities
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, Market, Stop Loss, Stop Loss Market, Cover Orders, Bracket Orders
Supported Exchanges BSE, NSE, MCX, NCDEX

NSE, BSE, MCX

Brokers using this platform
Order Management System (OMS) Omnesys NEST OMS

Omnesys NEST OMS

Risk Management System (RMA) Omnesys NEST RMS

Omnesys NEST RMS

Trading Platform Enquiry Open Account Open Account

Omnesys NEST Vs Upstox Review

  Omnesys NEST Upstox
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.
  • Built in-house by upstox engineers from scratch.
  • HTML5 browser-based trading platform.
  • Mobile trading app for on-the-go trading and monitoring.
  • 100+ technical indicators.
  • 10 drawing tools to make analysis easy.
  • Opens 5 different windows at a time.
  • Customizable workspace.
  • Easy to use interface
  • Doesn't offer installable trading terminal.
  • Uses powerful Omnesys API, RMS and OMS in the background.
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.    

Key features of the platform are:

  • Trade in stocks, F&O, currencies and commodities through a single window.
  • Powerful charting tools with 100+ indicators to deeply analyze scrips.
  • Real-time data feeds on the scrips.
  • Access predefined stock list and indices.
  • Universal search tool.
  • Prepare a list of stocks with detailed information in quote panel.
  • Set price alerts for desired scrips.
  • Buy and sell stocks in one click.
  • Customizable workspace.
  • Add widgets to create a personalised experience.
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.
  • Built in-house. New features are added frequently.
  • Built using the latest technology.
  • Truly zero brokerage for equity delivery (cash & carry) orders.
  • Flat Rs 20 per trade for orders in all other segments.
  • Advance order type like BO and CO are available.
Disadvantages
  • Slow in adopting new technology, especially in front-end of the application.
  • Longer turnaround time in incorporating new feature.
  • Installable desktop trading terminal is not available.
  • Mutual funds are not available as part of this trading platform.
  • No trading tips, news or major event alerts in the app.
  • GTC/GTD orders are now available.

Omnesys NEST Vs Upstox Features

  Omnesys NEST Upstox
Installable Trading Terminal Yes No
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 No No
Online Mutual Funds No No
Integrated Backoffice No No

Omnesys NEST Vs Upstox Charts

  Omnesys NEST Upstox
Chart Types Supported 5 13
Chart Indicator 64 100
Place Orders from Chart No No

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