First trades online stock brokers in india stock exchange
Charles Schwab , E-Trade went online during the late s and most retail stock-broking probably takes place over the web now. Larger institutional clients, however, will generally place electronic orders via proprietary electronic trading platforms such as Bloomberg Terminal , Reuters Xtra , Thomson Reuters Eikon , BondsPro, Thomson TradeWeb or CanDeal which connect institutional clients to several dealers , or using their brokers' proprietary software.
For stock trading, the process of connecting counterparties through electronic trading is supported by the Financial Information eXchange FIX Protocol. Used by the vast majority of exchanges and traders, the FIX Protocol is the industry standard for pre-trade messaging and trade execution.
While the FIX Protocol was developed for trading stocks, it has been further developed to accommodate commodities,  foreign exchange,  derivatives,  and fixed income  trading. For retail investors, financial services on the web offer great benefits. The primary benefit is the reduced cost of transactions for all concerned as well as the ease and the convenience. Web -driven financial transactions bypass traditional hurdles such as logistics.
Exchanges typically develop their own systems sometimes referred to as matching engines , although sometimes an exchange will use another exchange's technology e.
Exchanges and ECNs generally offer two methods of accessing their systems —. From an infrastructure point of view, most exchanges will provide "gateways" which sit on a company's network, acting in a manner similar to a proxy , connecting back to the exchange's central system. Many brokers develop their own systems, although there are some third-party solutions providers specializing in this area.
Some banks will develop their own electronic trading systems in-house, but this can be costly, especially when they need to connect to many exchanges, ECNs and brokers. There are a number of companies offering solutions in this area.
Many types of algorithmic or automated trading activities can be described as high-frequency trading HFT , which is a specialized form of algorithmic trading characterized by high turnover and high order-to-trade ratios. From Wikipedia, the free encyclopedia. Not to be confused with E-Trade. This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed.
September Learn how and when to remove this template message. Retrieved 29 October The Wall Street Journal. The New York Times. Retrieved July 8, Retrieved October 4, Instead, a flat fee of a maximum of Rs: In December , Zerodha became the first Indian stock broker to offer brokerage and commission-free equity investments.
In early , Zerodha launched " The Rupee tales ", a Box set of five illustrated financial literacy books for children. Authored by Karthik Rangappa,  the books have received critical acclaim. Launched in December , Kite Connect is Zerodha's Platform as a service API that enables companies to rapidly develop and deploy stock trading platforms  without the complexity of building technological, operational, and regulatory stock broking infrastructure.
Zerodha launched "Coin", its mutual fund platform, in March It offers commission-free direct mutual funds to end users. In , Zerodha launched a free-for-all financial literacy program called Zerodha Varsity . There are over 9 modules on Stock Markets ranging from basics of the markets going all the way to explain advanced trading and investing strategies, market taxation, etc. From Wikipedia, the free encyclopedia. Zerodha Type of site. Nikhil Kamath - Chess to derivatives, all in a day's work".