@nithinHey nithin , at the moment i’m doing choices buying and selling with 10cr each day in my private demat account, and now I crossed 30cr revenue,
Now I wish to shift to prop-desk(just for private used, not to rent different dealer on fee foundation, I’m planning to for solo buying and selling)
As I learn on NSE web site,there isn’t a clear details about alpha membership, I doesn’t wish to turn into dealer so no want of giving loads of exams, as NSE talked about for alpha membership min schooling is. twelfth,
Are you able to please information me about alpha membership,I wish to turn into solely treading members in money and derivatives, is there any egency who assist me on this,as I wish to commerce solo can I setup colocation in my house ? And please describe particulars course of to turn into solo alpha member,
Thanks upfront
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Hello @Ravi_156
We’ve compiled all of the hyperlinks the place this subject was extensively mentioned on this discussion board.
Hello @Thomas_Stanly
Listed below are among the hyperlinks the place @nithin and different members from workforce Zerodha participated in tradingQ&A discussions across the subject of getting a license and in addition associated to prop buying and selling.
NSE Alpha membershipNSE Alpha Membership – #2 by nithin
If I wish to take NSE Alpha membership, what are the each day compliance to be adopted
NSE & BSE Membership
How a lot cash required to begin a brand new brokerage firm? How one can begin a brokerage firm?
Prop buying and selling…
Do test these threads out as soon as and if you’ll have any doubts after that, please publish them right here.
How does @nithin get the persistence of a sage to reply questions, particularly repeat questions? I additionally discover that totally different folks merely reword the identical query in the identical thread. Its exhausting.
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I’m additionally in related scenario… Web revenue crossed 30 cr. I’m seeking to discover alpha membership and colocation setup. Nithin offers some good particulars in these matters. However there are nonetheless a number of technical particulars lacking, and there’s 0 article on NSE Or any web site explaining the technical particulars of this setup. Please additionally let me know, in the event you discover one thing.
Learn how to discover the next particulars???
Do I have to get my algo permitted by trade earlier than working it at location? If sure, how will this work? Do I have to revel my IP? Do I want approval everytime I make some adjustments to the code?
At co-location will NSE present their very own laptop to run my algo? Or I can deliver my very own laptop to run my algo?
If I do that with Zerodha as a dealer, my code will run on one in every of there server racks. What’s the specification of that server rack?
What is going to the NSE API truly appear to be to execute orders, fetch orders/positions?
Different technical particulars additionally. There’s imagined to be an in depth documentation by NSE about this. Why is that this not public data?
@Joe_Chris Expensive pals thanks you for replying,
I learn all hyperlink you have got ship , I don’t intrested in annual charges, i will pay it, out of your above hyperlink followings query are usually not answered
My doubt is, on NSE web site there isn’t a separate details about Alpha membership,They solely talked about, proprietary agency, partnership agency …, so for changing into dealer and alpha member above talked about agency will be in each of them,
Following information I want, For Alpha membership
Schooling ? Does I’ve to present any examination( NSE talked about twelfth is sufficient , not cleared for dealer or alpha member)2.Doc wanted ? For buying and selling member3.Does I have to register my firm as NBFC (as I don’t wish to turn into Dealer)
For SEBI registration examination taken ? Or kyc and firm doc is sufficient?
I can appoint clearing member for my firms clearing, aside from this does I want workforce for others ?6.how a lot time taken for total course of
If I wish to begin course of this month, is there any consultancy agency the place I can get all information, or I instantly go to NSE workplace,mumbai
And Please Ans solely those that are have already got Alpha members or Having zerodha firm proprietor named as @nithin
Thanks upfront
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Ravi_156:
, at the moment i’m doing choices buying and selling with 10cr each day in my private demat account, and now I crossed 30cr revenue,
Now I wish to shift to prop-desk(just for private used, not to rent different dealer on fee foundation, I’m planning to for solo buying and selling)
RahulChoudhary:
Web revenue crossed 30 cr. I’m seeking to discover alpha membership and colocation setup.
Questioning how a lot brokerage you might be paying per yr to think about alpha membership because it comes at some prices and efforts as defined intimately by Nithin within the under thread.
Hello @nithin,
NSE Alpha membership requires 25lkhs as deposit and I feel 50 lakhs as internet price. If somebody has a e-book measurement above 50lkhs does it make sense to use for NSE alpha membership ? I suppose, apart from the brokerage, all different prices stay the identical. So am I right in assuming if the curiosity earned on 25 lakhs is lower than the full brokerage paid, it’s financially possible to think about an Alpha membership ?
25lakhs will principally say earn 8%-9% annualized. So if somebody is paying mor…
Additionally test this hyperlink for more information on colo.
@siva8 Expensive , 10 cr will not be max quantity, I commerce in 3 index and every index has personal price range , and already I’ve invested 37cr in money, and my common incomes 20% in day, I’m utilizing 5paisa and Jainam api so your hyperlink is about prices per yr , I can earn it in a day, so thanks for responding
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@RahulChoudhary thanks expensive,
Does you began course of for changing into Alpha Membership???Does you discover any educated particular person ?,Does you recognize any alpha member??
We will begin course of collectively, please share me any consultancy agency if you recognize
@ravi_156 I’ve not began but. I did speak about this to somebody from Zerodha tech workforce, however I don’t have full particulars.
If we choose Zerodha as our backend dealer, then they may give us a server on one in every of their racks at NSE. I feel we have to use NSE NEST as a substitute of Kite join API. OMS will probably be similar as Zerodha’s backend vendor. The particular person additionally knowledgeable me I have to get my technique registered with the trade. Are you able to message me, I’m not getting an choice to message you, since my account is new.
I don’t have any consultancy agency, I’m additionally discovering one myself. Please do share any data with me additionally, in the event you discover any.
@siva8 For me, it isn’t about brokerage. Co-location will present me sooner data, much less restrictions like API Limits, order qty limits and many others.
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Ravi_156:
is there any egency who assist me on this,as I wish to commerce solo can I setup colocation in my house ?
Perhaps it’s best to test with greeksoft, they provide CAAS ( Colo as a service).
RahulChoudhary:
I don’t have any consultancy agency, I’m additionally discovering one myself. Please do share any data with me additionally,
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@RahulChoudhary
As pery information Brokers prop-desk has some drawback, they aren’t offering us NSE server line/connection they solely acquire our orders and particulars on their server and ship to NSE, so there isn’t a direct reference to NSE, api price restrict additionally there, principally from brokers finish I want atleast 1,500 price restrict for min, and limitless for day (per day min 30,000 wanted), so it’s higher to get alpha membership and appoint clearing member