ODIN Vs Sharekhan TradeTiger (TT) Trading Platform Comparison

63 moons is a financial service company offering its services in the area including Exchange Technology Solutions, Brokerage Technology Solutions, and Risk Solutions. Company's flagship product ODIN is among the leading trading platforms in India. ODIN offers end-to-end online trading solutions to brokers in India.

ODIN Trader Work Station is an integrated Dealer trading application, with real-time exchange broadcast, Order Management, Trading reports along with various Decision support and Alert generating tools inbuilt to aid the dealers in making an informed decision at the time of transactions.

The uses of its software have declined sharply after the company chairman was jailed because of the fraud transactions at NSEL 2013. ODIN is still used by many top financial service providers in India and across the world.

Sharekhan Trade Tiger is a powerful installable trading terminal offering advance online stock trading to retail customers. Launched in 2007, Trade Tiger offers a wide range of tools, data, charts and customization features. It is one of the most recommended trading platforms for active traders.

Traditional Brokers:

• Religare
• Sushil Finance
• Karvy Commodities
• Kotak Commodities
• RK Global Stock Trading
• Bonanza Portfolio
• LKP Securities
• Nirmal Bang
• Arihant Capital 

Discount Brokers:

• None

ODIN trading software is used by over 1000+ brokers / financial institutes in India. It is a stable, fast and a powerful trading platform for trading at BSE, NSE, and MCX. Here are a few key highlights of the ODIN Diet:

• ODIN is the oldest and most used trading platform. It had over 75% market share in 2015.
• ODIN provides end-to-end solutions for Brokers. It includes Front Office, Middle Office, Back Office Clearing, Settlement, Accounting, and Messaging Solutions.
• The company offers Managed Service for ODIN. This means they take care of hardware, software, exchange connectivity, client connectivity, backups and disaster recovery on behalf of the broker.
• ODIN has integrated OMS and RMS.
• Offer API to brokers. The brokers can develop their own front-end applications using these APIs.
• ODIN Diet trading terminal is the strongest offering by the company. This market dominance product is the best tool available for trading for frequent traders and dealer desks for over 2 decades. 

ODIN had a monopoly in the trading solutions business until 2013. The growth of the product stalled after the owner got caught in 2013 fraud at NSEL. The company's fate is in limbo as the prosecutors are trying to recover over Rs 5000 Cr.

Key highlights of Trade Tiger trading platform are:

• 90+ charts and 30+ indicator for advanced traders.
• Open multiple charts in a single screen.
• Stock scanner with simple filters to identify trade opportunities.
• Ability to place bulk orders with a single click.
• Option quotes with more than 30 trading strategies, portfolio greeks, pay-off charts and so on
• Access to real-time research analysis and call on market trends.
• Create a personalized experience at TradeTiger.
• Free online training academy to educate users.
• Dedicated support desk to resolve any issues related to Trade Tiger.
• AmiBroker integration is available.
• API integration with other software's is available.
• A single platform to access multiple exchanges and segments.

ODIN Diet is a comprehensive trading tool. It offers to trade in equity, currency, and commodity, all under one screen and with one login. You can trade at BSE, NSE, MCX, and NCDEX.

ODIN Diet is built for frequent trader and for dealers who place orders on behalf of customers. Other than the standard trading features, here are some of the key features of the ODIN Trading Platform:

• ODIN offers online trading through it's desktop, web and mobile trading apps.
• ODIN Trading Terminal (ODIN Diet) is the most powerful and popular trading terminal for the desktop.
• ODIN offers access to all asset classes at multiple exchanges.
• ODIN has an integrated OMS and RMS which makes it fast, stable and reliable.
• It has integrated DP and back office.
• ODIN is also offered as managed services. This means the broker doesn't have to bother about maintaining the trading platform. This results in far less downtime.
• Plug-ins are available for advanced users.
• 3rd party plug-ins can be installed on ODIN. This feature is not available on other trading platforms.
• It supports multiple market depth windows
• It allows the user to create custom indicators that are now possible in NSE NOW and Omnesys NEST.

Some of the important features of TradeTiger are as below:

• Personalized Chart Toolbar
• Trade from Charts
• Bracket Order with Trailing Stop Loss
• Pre-define Order quantity settings
• My GTD Order
• Add strategy using Portfolio management system
• Trade from MS Excel
• AmiBroker Trading Bridge
• Ichimoku Indicator
• Dynamic One Click filter
• Stock Scanner
• News and Events
• API Integration

• Robust and stable trading platform. Trusted by over 800 brokers for 20 years.
• Advanced charts and advance order types are available.
• Allow customers to create custom indicators.

• Most advance trading software in India.
• Very stable trading platform with rare downtime.
• It has everything needed by an active trader.
• Loaded with advanced trading features.
• Get live news, research reports, and tips.
• Support available for technical issues.
• Initial hand holding is available through personal training.

• The parent company is in trouble because of the fraud at NSEL.
• This trading platform is not offered by any discount broker.
• Features like Back-Testing, Semi Algo Trading, Bracket Orders are missing
• Slow in adopting new technology, especially in front-end of the application.
• Longer turnaround time in incorporating new feature.

• Sharekhan brokerage charges are high. Discount stock brokers like Zerodha charge 60% to 90% less brokerage.
• Dedicated relationship manager may push you for trading.
• Trade Tiger is now available for a Mac computer
• It doesn't offer Mutual Fund investment.
• Not transparent in terms of fees, brokerage, and AMC.