In this Article, we will discuss
- What is Samco Trade API
- Streamlined Integration
- Samco Trade API - Your Window to Tech-Trading
- Unlocking the Power of Samco Trade API
What is Samco Trade APISamco Trade API is a revolutionary service that allows users to build and execute their own trading strategies in the Indian stock market. Samco Trade API is a set of Rest APIs that provides access to live market data, order placement and execution, order status, positions, holdings, and other features that enable users to trade in various segments such as equities, derivatives, commodities, and currencies.
Streamlined Integration: Samco Trade API Simplifies Trading Applications
Samco Trade API is a service that lets you connect your trading app to the stock market. You have the option to utilise the Samco App, a readily available tool that simplifies the usage of the Samco Trade API. You can also use the Postman collection, which is a tool that helps you check and fix your code. Samco Trade API works well with both Java and Python, and also gives you some extra code to help you use these languages.
Samco Trade API enables users to harness the power and potential of algorithmic trading, which is the use of computer programs and mathematical models to execute trades based on predefined rules and conditions. Algorithmic trading can help users to improve their trading performance by reducing human errors, emotions, biases, etc., and by exploiting market opportunities, trends, patterns, etc. Algorithmic trading can also help users to diversify their trading portfolio by applying different strategies across different instruments and segments.
Samco Trade API - Your Window to Tech-Trading
Samco Trade API is free for Samco customers. Just open an account with Samco, and you can use the APIs for free. Some of the highlighted features that set Samco Trade API apart from other trading platforms and APIs in the market are:
- Free of charge: Samco Trade API is free for Samco customers, who can open an account with Samco and claim their free access to the powerful APIs. Users do not have to pay any subscription fees or hidden charges to use Samco Trade API. Users only have to pay the brokerage and statutory charges as per the Samco pricing plan, which is one of the lowest in the industry.
- Process up to 200 orders per second: Samco Trade API offers low delay period and high throughput for order placement and execution. Users can place orders in milliseconds and get instant confirmation of their order status. Samco Trade API also supports advanced order types such as bracket orders and cover orders, which help users to manage their risk and reward. Samco Trade API can process up to 200 orders per second, which is much higher than the average industry standard of 50 orders per second.
- Access 30 years of historical data for back-testing: Samco Trade API is the only API service that provides historical adjusted data for stocks, indices, futures, and options. This data is adjusted for corporate actions such as splits, dividends, bonus issues, etc., and can be used for backtesting and analysis of trading strategies. Samco Trade API provides access to 30 years of historical data for equities and 10 years of historical data for derivatives, which is unmatched by any other API service in the market.
- Live streaming through web-socket technology: Samco Trade API provides live streaming of market data through web-socket technology, which ensures real-time and reliable delivery of data. Users can subscribe to multiple instruments across multiple segments and get live updates of prices, volumes, bids, offers, etc. Samco Trade API also provides live streaming of order status, positions, holdings, etc., which help users to monitor their trades and portfolios.
- Low Delay Period: Samco Trade API offers a low delay period and a high throughput for order placement and execution. Users can place orders in milliseconds and get instant confirmation of their order status. Samco Trade API also supports advanced order types such as bracket orders and cover orders, which help users to manage their risk and reward.
- Easy integration: Samco Trade API is easy to integrate with any existing or new trading application. Users can use the Samco API, which is a pre-written wrapper over the Samco API that ensures seamless and reliable connectivity to the APIs. Users can also use the Postman collection, which is a tool that helps users to test and debug their API requests and responses.
- Comprehensive documentation: Samco Trade API provides comprehensive documentation that explains the features, parameters, examples, and responses of each API. Users can also access the video tutorials, which demonstrate how to use the APIs in different scenarios. Users can also raise tickets to the support team in case of any issues or queries.
Unlocking the Power of Samco Trade API: Empowering Traders
Samco Trade API can be used for various purposes and applications by different types of users. Some of these are:
- Algo traders: Algo traders can use Samco Trade API to implement their own trading algorithms and strategies based on technical analysis, fundamental analysis, machine learning, artificial intelligence, etc. Algo traders can use the live market data, historical data, order placement and execution, order status, positions, holdings, etc., to execute their trades automatically and efficiently.
- Trading platform developers: Trading platform developers can use Samco Trade API to build their own trading platforms or enhance their existing ones. Trading platform developers can use the features and functionalities of Samco Trade API to provide a user-friendly and customised interface for their clients or users. Trading platform developers can also leverage the SDKs provided by Samco Trade API to speed up their development process.
- Retail traders: Retail traders can use the Samco Trade API, or they can create their own ones using the APIs with integrating their choice of libraries on their preferred platform. Retail traders can trade in various segments such as equities, derivatives, commodities, and currencies with a single account and a single interface. Retail traders can also access live market data, order placement and execution, order status, positions, holdings, etc., through Samco Trade API.
To sum up, Samco Trade API is an innovative service that provides users with a platform to create and execute their own trading strategies in the Indian stock market. Samco Trade API provides access to live market data, order placement and execution, order status, positions, holdings, historical adjusted data, SDKs, documentation, support, etc., which make it a superior choice over other trading platforms and APIs in the market. Samco Trade API is free for Samco customers who can open an account with Samco and claim their free access to the APIs.
Disclaimer: INVESTMENT IN SECURITIES MARKET ARE SUBJECT TO MARKET RISKS, READ ALL THE RELATED DOCUMENTS CAREFULLY BEFORE INVESTING. The asset classes and securities quoted in the film are exemplary and are not recommendatory. SAMCO Securities Limited (Formerly known as Samruddhi Stock Brokers Limited): BSE: 935 | NSE: 12135 | MSEI- 31600 | SEBI Reg. No.: INZ000002535 | AMFI Reg. No. 120121 | Depository Participant: CDSL: IN-DP-CDSL-443-2008 CIN No.: U67120MH2004PLC146183 | SAMCO Commodities Limited (Formerly known as Samruddhi Tradecom India Limited) | MCX- 55190 | SEBI Reg. No.: INZ000013932 Registered Address: Samco Securities Limited, 1004 - A, 10th Floor, Naman Midtown - A Wing, Senapati Bapat Marg, Prabhadevi, Mumbai - 400 013, Maharashtra, India. For any complaints Email - firstname.lastname@example.org Research Analysts -SEBI Reg.No.-INHO0O0005847