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NSE NOW Vs Kotak KEAT Pro X Trading Platform Comparison

Compare Trading Platform NSE NOW and Kotak KEAT Pro X. Find similarities and differences between NSE NOW and Kotak KEAT Pro X Trading Softwares. Find the most powerful trading platform. Find which trading software is better among NSE NOW and Kotak KEAT Pro X.

NSE NOW Vs Kotak KEAT Pro X

  NSE NOW Kotak KEAT Pro X
NSE NOW Logo Kotak KEAT Pro X Logo
About Trading Platform

NOW (NEAT on Web) is the flagship online trading platform offered by National Stock Exchange (NSE). NOW is a shared platform which is offered to the customer of many brokers. NSE exchange runs on a fully automated trading system named NEAT (National Exchange for Automated Trading).

Kotak KEAT Pro X is free desktop trading software (installable trading terminal) to trade across NSE, BSE and NSE currency markets. It provides a range of features to traders that gives you complete control over your investment portfolio, provides live streaming market data, access to research calls and charting tools to analyze your trades.

Platform Owner National Stock Exchange of India Ltd. Kotak Securities Limited
Trading Segments Offered Equities, Currency and Derivatives

Equity, Derivatives, Currency, Mutual Fund, IPO, Corporate Bond, NCD

Products Offered MIS, CNC, NRML

NRML, CNC, MIS

Order Type Offered Limit Orders, Market Orders, Stop Loss Orders, After Market Order and Cover Orders

Market Order, AMO, SL, GTC

Supported Exchanges NSE, BSE, MCX

NSE, BSE

Brokers using this platform
Order Management System (OMS) NEAT by NSE
Risk Management System (RMA) NEAT by NSE
Trading Platform Enquiry Open Instant Account with Kotak KEAT Pro X

NSE NOW Vs Kotak KEAT Pro X Review

  NSE NOW Kotak KEAT Pro X
Highlights
  • NOW is build and maintained by NSE.
  • The servers are co-located in NSE datacenters which makes it fast.
  • The RMS and OMS are the inbuilt part of NOW.
  • Available for free of charge to brokers who are the member of NSE.
  • NOW have 3 versions - installable trading terminal, trading website, and mobile trading app.
  • NOW mobile app is available for Android as well as iOS phones.

Key Features of Kotak KEAT Pro X are:

  • Kotak KEAT Pro X provides a single platform to access major exchanges (NSE, BSE and NSE currency) and segments (equities, currencies, and derivatives).
  • Create customized watchlists up to 100 scrips each. Create watchlists of scrips across exchanges.
  • Unique charting tool to make graphs and track past and future performance of the scrips.
  • Live quotes, data on top gainers/losers, most active scrips and more.
  • This platform provides complete control to traders/ investors on their portfolio with real-time information and reports.
  • Hotkeys for faster trading experience.
  • Users can customize the user interface as per their trading preferences.
  • It is available free of cost for customers having a trading account at Kotak Securities.
Features

NOW offers a wide range of functions which are critical for trading in the stock market. NOW Website and the Mobile app is designed for casual stock market investors. The trading terminal the powerful trading software for frequent traders. Here are some of the key features of NOW Trading Platform:

  • Online trading through desktop, web and mobile app.
  • Trade at multiple exchanges and across multiple trading segments.
  • In-build OMS and RMS makes it faster.
  • NOW trading platform is maintained by NSE. No installation is needed on broker side. No security issues on the broker side.
  • A wide range of shortcut keys are available for frequent traders.
  • Live quotes, stock analysis, historical data, reports etc are available.
  • Custom stock alerts/notifications can be set up.
  • Additional plug-ins are provided by NSE for specific needs.

Kotak KEAT ProX key features:

  • Keep track on a minute by minute performance of the portfolio, get notifications on transaction made, check profit/loss status and view positions.
  • Create multiple watchlists and track your favourite scrips in real-time.
  • Get live updates and stock recommendations from Research analysts.
  • Use unique charting tools to track the past and future performance of the selected scrips.
  • Basket order option to place multiple orders.
  • Users can download different types of reports on order status, P&L, Open positions, ledger and capital gains etc.
Advantages
  • Available for free for trading at NSE.
  • Fast execution of orders. The servers are co-located with NSE Exchange.
  • Trade at BSE, NSE, MCX, and NCDEX across all segments.
  • Advance trading software for high frequency traders.
  • 30+ technical indicator
  • 5 chart types
  • Customizable watchlist
  • Real-time market access
  • Facility to invest in IPO and Mutual Fund online
Disadvantages
  • Most stockbrokers do not offer to trade at BSE and MCX through NOW.
  • Advanced charting features are not available.
  • Bracket order is not available.
  • The user interface is not as intuitive as other trading platforms.
  • KEAT Pro doesn't offer commodity trading services and API integration.
Broker Account Enquiry Open Instant Account with Kotak KEAT Pro X

NSE NOW Vs Kotak KEAT Pro X Features

  NSE NOW Kotak KEAT Pro X
Installable Trading Terminal Yes Yes
Trading Website Yes Yes
Mobile Trading App Yes Yes
API Access No No
Offered by Multiple Brokers Yes No
Equity Trading Yes Yes
Currency F&O Trading Yes Yes
Commodity Trading Yes No
Online IPO Application Yes Yes
Online Mutual Funds Yes Yes
Integrated Backoffice No No
Open an Account Open Instant Account with Kotak KEAT Pro X

NSE NOW Vs Kotak KEAT Pro X Charts

  NSE NOW Kotak KEAT Pro X
Chart Types Supported 15 5
Chart Indicator 80 30
Place Orders from Chart Yes No
Online Account Opening Open Instant Account with Kotak KEAT Pro X

Trading Platform Definitions and Abbreviations

  • Back-Office - The back office application facilitate trade analysis, managing funds in the trading account, managing portfolio, pledged holdings, P&L Statements, reports related to tax filings, end of day reports and historical data.
  • OMS – An Order Management System is a software program developed to execute market transactions in an efficient and cost-effective manner. Stockbroker uses OMS to manage orders received from customers.
  • RMS - The risk management system of Trading Platform. This core component manages various risk components while trading. This includes making sure that customer has enough margin available for open positions and take the required actions in case of short of capital.
  • Trading Product Types
    • MIS - Margin Intraday Square-off
    • CNC - Cash n Carry
    • NRML - Normal F&O trades
    • BO - Bracket Order
    • CO - Cover Order
    • AMO - After Market Order
  • Order Types
    • Market Order
    • Limit Order
    • SL Order - Stoploss or trigger
    • SL-M Order - Stoploss Market
  • Exchanges
    • BSE - Bombay Stock Exchange
    • NSE - National Stock Exchange
    • MCX - Multi Commodity Exchange

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