Omnesys NEST is one of the most popular trading platform used in India. It is developed by Bengaluru based Omnesys Technologies Pvt. Ltd. In 2013, Omnesys was acquired by Thomson Reuters Corporation.
NEST is an abbreviation for Next Generation Electronic Securities Trading platform. It offers a variety of trading tools for institutional and retail brokers, proprietary desks and exchanges.
For retail brokers, NEST supports web and mobile trading. The platform offers key functions such as order management, risk management, order routing, and franchise and branch management related software.
NEST supports trading in equity, currency, commodity and derivatives markets. NEST offers a range of solutions for retail trading such as-
NEST Cover Order
NEST Bracket Order
NEST Managed Service
Pre/Post Trade Analytics
NEST Thematic Investment Platform
FoxTrader: Trade on charts
Omnesys NEST Advantages / Disadvantages
Single platform to trade across multiple segments and exchanges. Integrated OMS and RMS.
Multiple shortcut keys and a Shortcut Key Manager supports managing/customization of shortcut keys.
Access to loads of historical data for analysis
Fund transfer facility from 30+ banks
Supports multiple order types including simultaneous and grouped orders.
Requires good speed internet to work smoothly.
User interface is average.
Less frequent product updates.
Doesn't allow trading from charts
Trading Platform Owner
Thomson Reuters International Services Private Ltd
Headquartered in Toronto, Canada, Thomson Reuters is a global multinational mass media and information company. In 2013, Omnesys Technologies was acquired by Thomson Reuters. Omnesys Technologies is a Bangalore based software development company. Omnesys NEST trading platform was developed by Omnesys Technologies.
Omnesys NEST Product Highlights
Over 200 retail brokers in India use NEST or NEST based platforms. The NEST is a fast, user-friendly and powerful trading platform for trading at BSE, NSE, and MCX. Some of the major highlights of the Omnesys NEST trading platform are:
Supports terminal, web and mobile trading.
Integrated with OMS and RMS
A completely integrated solution with real-time information flow between front and back office software.
Access to APIs for multiple development environments for customizing front-end. The APIs are available in Java, COM, C++ and REST API.
Supports advanced Order Types like cover order and bracket orders.
Omnesys NEST Key Features
Omnesys NEST is a leading trading platform catering to the needs of traders in India. The platform offers integrated trading and risk management. Some of the major features of the NEST Trading Platform are:
Supports desktop, web and mobile trading.
Supports advanced order types.
Integrated OMS and RMS.
Integrated with the back office with real-time exchange of data.
Pre/Post Trade Analytics and other data for deep analysis.
Multiple Market watch lists
Alerts and Notifications
Offers a wide range of reports
Omnesys NEST Features Explained
Reports: Omnesys NEST offers a wide range of reports including Order Book, Trade Book, Net Positions, Spread Order Report, Order History, Bulk Trades, Modified Trades, View RMS Limits, View Holdings/Collateral Values and View T1 Holdings.
Traders can also generate Order Reports and Trade Reports and save it.
Market Watch: Traders can create multiple MarketWatch in which scrips are added as per convince. Users can call some important features of the market watch by using assigned shortcut keys. Major features that can be called from market watch are: Order Entry Window, Market Depth, Order Book, Trade Book, Net Positions, scrip comparison, scrip properties, heat map, ticker, expression builder, intraday charts, market picture charts, Gridlines, write to excel, setting up of the font style in the market watch, insert space in market watch, etc.
Advance Charts: Nest offer some excellent charting features like intraday charts with back data of up to a week and configurable intervals in minutes. You also get access to Historical Charts with daily data since inception. It offers over 50 technical indicators with multiple charts view.
Omnesys NEST Feedback by Customers
Most customers love Omnesys Nest for its wide availability with multiple brokers and reliability. Some customers have pointed out on the interface issues.
Products Offered by Omnesys NEST
NEST Trader platform is a front-end downloadable application that users to trade in multiple exchanges and multiple segments. Some of the major features of NEST Trader are:
Place buy/sell orders across multiple exchanges and segments
View orders, trades and positions
Powerful charts and huge historical data
Access to utility trading tools like Option calculator, TOP N Calculator, Implied Volatility Calculator and VWAP Calculator
Multiple Market watch lists
Alerts and Notifications
Nest Web is a browser-based interface. Some of the major features of NEST Web are:
Single interface for trading in multiple exchanges
Fund transfer and funds view
Advanced charts and indicators for deep analysis
Advance tools and calculators
NEST Mobile is a mobile application that facilitates trading on the move. Some of the major features of the app are:
Place orders across Equities, Derivatives, Currency & Commodity in NSE, BSE & MCX.
View and manage your holdings
Access to intraday charts
Fund transfer and view
Order Types Offered by Omnesys NEST
Market Order- It helps you buy or sell at the best available price.
Limit Order- It is used to buy or sell at your desired price.
Stoploss Order- It is used to sell a stock when it reaches the set price.
StopLoss (Market)- For orders when a market order is to be executed when trigger is hit.
Basket Orders- This is used to place bulk orders in one go. Traders can create a file in txt or csv format with the orders and directly upload it into the system or add multiple scrips and place the orders.
After Market Orders- These Orders allow traders to place orders after market timings. The orders are executed in the exchange on the next trading day.
Block Deal Order- This is used to place orders for block deals.
Cover Order- A cover order is used in intraday tradings. It is a two-legged order. The first leg of the order is the normal order, which is about buying or selling the scrip. The second leg of the order is to square off the scrip in case you start making losses.
Spread Order- These orders are used to create spreads in derivative trading. Traders can create 2-legged and 3-legged positions here.
Simultaneous Orders- It is used to place 2 orders simultaneously.
Grouped orders- It is used to buy/sell scrips in groups.
Omnesys NEST User Customization Options
NEST offers a range of customization preferences to users to suit their trading requirements. Some of the customization choices available to users are-
Shortcut manager to manage and modify shortcut keys
Choose colors, fonts etc.
Marketwatch preferences to add scrips as per convenience
Omnesys NEST Reports
NEST provides a wide range of reports to traders like.
Spread Order Report
View RMS Limit
View Holding or Collateral Values
View T1 Holdings
Users can download and save reports as well as create custom reports by using filters. All the historical data gets saved in back office. Traders can access backoffice to get other reports.
Omnesys NEST Charges / Fees
Brokers pay a licensing fee to Omnesys Nest to use their platform. Some brokers charge a fee from their customers while other make it available for free.
Brokers using Omnesys NEST
Karvy Stock Broking Ltd.
Bonanza Portfolio Ltd
Trade Smart Online
This webpage provide review of Omnesys NEST by Thomson Reuters International Services Private Ltd. Get detail info about Omnesys NEST .