Published on Thursday, April 5, 2018 | Modified on Tuesday, October 2, 2018
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ODIN is a trading software built by Mumbai based 63 moons technologies limited (formerly known as Financial Technologies (India) Ltd.) The company pioneers in building brokerage technology solutions for broking companies and traders. Some of the brokerage platforms offered by the company for end-use traders are:
ODIN Advantages / Disadvantages
Trade across all segments and all exchanges from a single platform.
High-speed order execution with good stability.
Multiple market depth windows
Spread and Multi-Leg Order Entry, Bulk Order Entry, and Grid Order Entry
Decision Support Tools like Heat Map and Conditional Ticker,
Multiple Calculators for Options, Pivots, Extension, Retracement etc.
Scrip Alerts and Options Alerts, Event Scanners
Advanced, real-time Charts
Support for 3rd party integration with APIs
Facility for instant fund trader with over 30 banks.
Relatively expensive software in comparison to other available trading platforms like Omnesys NEST and NSE NOW.
The user interface is average when compared to other trading platforms available in the market.
ODIN Key Features
Single platform to trade across multiple exchanges and multiple product segments including IPOs and Mutual Funds
Real-time calculation of MTM (mark-to-market) profit & loss
Live streaming quotes with facility for direct order placements
Create multiple market watch
Scrip and Option alerts
Greek Neutraliser & Greek Market Watch
128 bit SSL Encryption with Two Factor Authentication
Seamless integration with back office
User personalization choices with Optional UI themes and customizable views
Robust, reliable and fast trading experience
Installable Trading Terminal
Charts in same window
1. Odin Diet Installable Trading Terminal
ODIN Diet is an installable trading terminal software that allows traders to trade at lightning speed. The application can be downloaded into a desktop or laptop and facilitates efficient and fast trading. Some of the major features of ODIN Diet are:
Market Feed and Order Management: Single screen to trade on multiple exchanges and segments. Get real-time market data and execute smart orders in multiple exchanges. It gives market watch in MS-Excel format to add any number of scrips in addition to dynamic portfolio and basket trading.
Alerts and Scanners: Get conditional-based Scrip and Option Alerts. It also has Event Scanner and Advanced Tick Watch to notify you on events of significance. 128 bit SSL Encryption and Two Factor Authentication helps you securely trade.
Decision Support Tools: ODIN Diet gives you access to several tools like Greek Neutraliser & Greek Market Watch, Pivot Point Support/ Resistance Watch, Heat Map and Conditional Ticker, Expiry Strategy and Numerous Calculators (Pivots, Options, Extension, Retracement) etc., to decide on your trading strategies. It also offers Research Calls/ Recommendation and Real-time Charts to help you in your trading.
Integration: ODIN Diet software is integrated with your broker’s Back-Office, Mutual Fund Module, IPO Module, In-house News and 3rd Party News and RSS Feeds to facilitate real-time updates and trading on multiple instruments.
Fund Management: The Payment Gateway Integration facilitates fund transfer between your bank and trading account.
Customizable: Optional UI themes and customisable views help you design your screen as per your preferences and trading needs.
2. ODIN WAVE Mobile trading application
ODIN WAVE is a mobile trading application built on open architecture. It is a white application that allows brokers to customize it as per their needs. Some of the major features of the app are:
Real-time screeners and charting to augment trade decisions
In-app calling to facilitate single click to dealing desk and support team from the app
Map integration to locate branch offices of your brokers
Customizable colours and fonts
3. NeT.net Web Based Trading Platform
NeT.net is a browser-based online trading software, enabling trading by retail customers through their brokers. It is based on the widely accepted HTML5 platform which provides rich user experience and fast trading. Some of the key features of ODIN’s NeT.net are:
Single application access to multiple exchanges and segments
Real-time market data and charts
Single and Multi-Leg Order Entry and Bulk Order Entry
Order and Trade Books with History
Funds View and Stock View
128 bit SSL Encryption and Two Factor Authentication for secured trading
Fund Allocation and Withdrawal
Depository Holdings View
ODIN Diet software shortcut keys
ODIN Customers Feedback/ Reviews
Most customers who have used ODIN Diet trading platform are happy with its good trading experience and features. However, some customers have complained about its average user interface and high pricing. The company needs to work on the UI of the ODIN trading platform considering other platforms, especially from discount brokers, offer intuitive user interface at much lower fees or at no cost.