Zerodha Kite Vs ODIN Trading Platform Comparison

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

Zerodha Kite Vs ODIN

  Zerodha Kite ODIN
Zerodha Kite Logo ODIN Logo
About Trading Platform

Zerodha Kite is the flagship trading platform offered by Zerodha, India's most popular stock broker. Kite platform has a website and mobile trading app which is developed in-house by Zerodha.

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.

Platform Owner Zerodha 63 moons technologies limited
Trading Segments Offered NSE Cash, BSE Cash, NSE F&O, BSE F&O, CDS, MCX NSE, BSE, NSE FNO, Currency, MCX and NCDEX Commodity
Products Offered CNC, MIS, NRML, BO, CO CNC, MIS, NRML, BTST, BO, CO, BTST, MTF
Order Type Offered Limit, Market, SL, SL-M RL, SL, ST, AON, MF, MIT
Supported Exchanges BSE, NSE, MCX BSE, NSE, MCX, NCDEX
Brokers using this platform
Order Management System (OMS) NEST Order Management Systems (OMS) by Omnesys ODIN OMS
Risk Management System (RMA) NEST Risk Management Services (RMS) by Omnesys ODIN RMS
Trading Platform Enquiry Open Account Open Account

Zerodha Kite Vs ODIN Review

  Zerodha Kite ODIN
Highlights
  • Powerful web and mobile trading application
  • Works well in low bandwidth
  • Charts offered from two providers; TradingView and ChartIQ.
  • Extensive charting with over 100 indicators and 6 chart types
  • Advanced order types like Brackets and cover
  • Build on top of Omnesys OMS and RMS

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.

Features

Kite is superior trading platform loaded with many features which are not provided by its competitor.  As Kite is under active development, Zerodha is bringing in 100's of new features every new version released. Here are few key features which make Kite a unique trading experience. 

  1. Dashboard / Account Summary
  2. Market Watches
  3. Streaming Quotes
  4. Browser Notifications
  5. Market Depth View with Streaming Updates
  6. Floating Order Window
  7. Exit multiple orders/positions in one click
  8. Multiple chart view (4 charts on the same screen)
  9. Trade from charts (place trades from popped out charts)
  10. Order Types: Regular, CO, BO, AMO

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.
Advantages
  • Clean & intuitive UI
  • ₹0 brokerage for equity delivery and flat ₹20 for F&O trading.
  • Universal search for all contracts across all exchanges - NSE, BSE, MCX
  • Live Steaming quotes
  • Multiple marketwatch and live market depths
  • Advanced chart with 100+ indicators
  • Advance order types including AMO, BO (Bracket orders), CO (Cover orders)
  • 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.
Disadvantages
  • Not available as installable trading terminal.
  • Option to investing in IPO's online is not available.
  • Mutual Funds investment is not part of this platform.
  • Reporting is part of a seprate backoffice software.
  • Dependency on Omnesys OMS and RMS systems.
  • 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.

Zerodha Kite Vs ODIN Features

  Zerodha Kite ODIN
Installable Trading Terminal No Yes
Trading Website Yes Yes
Mobile Trading App Yes Yes
API Access Yes Yes
Offered by Multiple Brokers No 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 Yes

Zerodha Kite Vs ODIN Charts

  Zerodha Kite ODIN
Chart Types Supported 6
Chart Indicator 100 100
Place Orders from Chart Yes 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







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