Algorithmic Trading, also called Algo Trading, is a form of automated trading that uses computer programs to analyze market data based on pre-deﬁned parameters. Without manual intervention, the Algo Trading platform places trades on the terminal, with the algorithm deciding the timing, price or quantity of the order, thereby increasing speed of execution.
SEBI has allowed Exchanges to extend Algorithmic trading facility to members involving usage of various Decision Support Tools / algorithms / strategies (Source: NSE)
Algo Trading is commonly used by heavy traders, institutional investors and brokerage houses to execute trades that are high in frequency or large in size.
Contrary to popular perception, Algo Trading is not hard to understand or execute. If you have got any trading ideas, simply build your strategy using an algo trading tool. It is advisable to test the strategy using a simulator, fine-tune it and then send it to the algo trading platform for execution.
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AVP - Algorithm Trading & Product DevelopmentWith over 15 years of experience in Algo Trading, Product Development at IIFL Securities & Kotak Securities.