ODIN Vs Tradelab Pi 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.

Tradelab Pi is a front-end stock trading platform. It offers web, mobile and desktop-based trading applications for retail traders. Designed for beginners to advanced traders, these trading apps are simple yet very powerful in terms of speed of execution and rich features.

Traditional Brokers:

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

Discount Brokers:

• None

• Discount Broker: Zerodha, Aliceblue, Trustline, SASOnline

• Full-service Brokers: Adroit, Religare, MasterTrust

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.

• Pi is designed, built and maintained by Tradelab Software Pvt Ltd.
• Pi is front-end trading software only. It uses Omnesys RMS and OMS which makes it secure and powerful.
• Pi is available as a mobile app, desktop trading terminal, and browser-based trading website.
• Pi's user interface is simple, fast and elegant.
• Pi is offered by multiple stock brokers including Zerodha, Aliceblue, Trustline, SASOnline, Adroit, Religare and MasterTrust.
• It supports multiple exchanges (NSE, BSE, and MCX) and segments (Equity, F&O, Currency, Commodity).
• Advance order types such as Bracket Order, Cover Orders and After Market Orders are available.
• 80+ Technical Indicators for Technical Analysis.
• 10 types of charts such as Candle, Bar, Heikin-Ashi, etc.

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.

• Switch seamlessly between web, mobile and desktop.
• Get real-time market information about market indices, stocks and F&O contracts.
• Create customize market watch and see market depth with just one click.
• Trade across asset classes and stock exchanges (i.e. BSE, NSE and MCX) from the single trading platform.
• Trade using advance order types i.e. CO and BO.
• View reports including open positions, trade history and order history. Manage all your orders in one place.
• Analyse stocks using candle charts with various studies to analyze the market.
• Create custom alerts.
• The Pi Installable Trading Terminal has advanced features including
  • Advanced charting
  • Keyboard shortcuts
  • Strategy back-testing
  • Consensus report,
  • Multiple window cascading
  • Order from charts
  • Technical analysis with 80+ technical indicators
  • Free historic data for back testing.

• 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.

• Tradelab Pi is simple, fast and elegant trading software for online trading.
• It was built in 2015. Tradelab is adding many new features to it.
• Pi software uses low CPU resources and memory, allowing trade with desktop and laptop with basic configuration easily.
• It can work at a low internet bandwidth as well.

• 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.

• It's 3rd party software rented by stock brokers.