Skip to content
Algorika
Get startedRequest access for a firmSign in
For traders · discretionary and systematic

Your brokers, one desk, and a paper book to start on.

Algorika gives a trader what a desk has: one ticket across venues, a chain that computes, baskets with software risk, and strategies you can subscribe with caps.

Get started on paper Jump to the quant desk

01The ticket

One ticket. Whichever broker holds the margin.

Market, limit, SL and SL-M across MIS, NRML, CNC and MTF. After-market orders. GTT where the broker supports it.

Brokerage and tax schedules per broker mean the ticket shows the real cost before you send it. Funds are compared platform-side and broker-side so you never trade against a stale margin number.

Market watch
InstrumentLTPChg
NIFTY 25SEP FUT24,861.20+0.44%
BANKNIFTY 25SEP FUT52,190.10-0.12%
NIFTY 24800 CE142.35+6.8%
NIFTY 24800 PE118.90-4.1%
RELIANCE2,941.15+0.66%
HDFCBANK1,712.90-0.24%
INFY1,846.55+1.02%
Book PLATFORM ↔ BROKER12:41:02 IST

02The chain

A chain that already knows what the OI means.

Live greeks and IV per strike, OI bars per side, PCR, max pain, buildup and gamma exposure beside them.

Click a strike and it becomes a leg. Two more clicks and it is a basket with a payoff you can read before you send it.

NIFTY option chain · Options Intelligence
CE OILTPIVStrikeIVLTPPE OI
331.810.62450014.431.2
252.411.22460014.944.1
186.912.02470015.661.3
142.412.82480016.1118.9
98.213.52490016.8172.6
61.714.32500017.4244.8
38.215.12510018.0322.5
Book PLATFORM ↔ BROKER12:41:02 IST

03Smart baskets

Multi-leg structures with the risk in software, not in hope.

Legs run sequentially, in parallel or as a DAG. Price policies per leg: market, LTP, mid or passive.

Set an MTM target, stop and trailing step on the whole basket. One click flattens every leg through the execution engine.

Smart basket · iron condor
SeqSideLegQtyPriceState
1SELLNIFTY 24800 CE2LLTPFilled
1SELLNIFTY 24800 PE2LLTPFilled
2BUYNIFTY 25100 CE2LMarketFilled
2BUYNIFTY 24500 PE2LMarketFilled

Target

+₹9,000

Stop

−₹6,000

Trail

₹1,500 step

Book PLATFORM ↔ BROKER12:41:02 IST

04Paper venue

A ₹10 lakh paper book on live prices.

Start without a broker login. The paper venue executes against the live instrument master, respects market hours and applies F&O haircuts.

When you connect a broker, your paper book stays. Strategies keep separate paper and live books so you can run both.

Orders · platform book
TimeInstrumentSideQtyTypeStatusVenue
09:15:02NIFTY 24800 CESELL2LLIMIT 142.50FILLEDKotak Neo
09:15:02NIFTY 24800 PESELL2LLIMIT 119.00FILLEDKotak Neo
09:15:03NIFTY 25100 CEBUY2LMARKETFILLEDKotak Neo
09:15:03NIFTY 24500 PEBUY2LMARKETFILLEDKotak Neo
10:02:41RELIANCEBUY50LIMIT 2,938.00OPENZerodha
10:40:10BANKNIFTY 52200 CESELL1LSL 410.00TRIGGER PENDINGUpstox
11:12:55INFYSELL40GTT 1,880.00GTT ACTIVEZerodha
7 orders · 4 filled · 1 open · 2 pendingbook: PLATFORM ↔ BROKER reconciled 2s ago
Book PLATFORM ↔ BROKER12:41:02 IST

The quant desk

Systematic trading with the caps and the kill-switch where you can reach them.

05Marketplace and cockpit

Subscribe a strategy. Set the caps. Watch it in a cockpit.

Choose universe, broker, max capital, max loss and autostart. Start on paper. Promote to live from the same screen.

The cockpit is a full-screen operations view: tape, greeks, legs, PnL, pause and kill. EOD pause clears working orders at close.

Strategy cockpit · GPS v2

Book · LIVE

Running

+₹12,460

Unrealised · 4 open legs · notional ₹5.85L

Delta0.02
0
Gamma0.0031
1
Theta-412
2
Vega-186
3
Book PLATFORM ↔ BROKER12:41:02 IST

06Execution engine

Intents, not raw orders.

Describe what you want (roll the CE leg, passive, two lots) and the engine validates lot and tick, picks a policy and emits child orders. Aggressive, passive, balanced, TWAP, iceberg, hedge-first and emergency policies are built in.

The execution desk shows every intent, its children and the lifecycle timeline with live quotes.

Broker egress · static IP

Route

  1. Intent

    EE-2 · policy PASSIVE

  2. Validators

    lot ✓ tick ✓ caps ✓ gates ✓

  3. Router

    rate-limit 8/10 per s

  4. Executor

    static IP 3.108.174.225

  5. Broker

    Kotak Neo · 87 ms

Book PLATFORM ↔ BROKER12:41:02 IST

07Research to live

One code path from backtest to the broker.

A strategy is a reducer plus effects. The same package runs in the backtester, in simulation against replayed ticks, in shadow mode (signals only), on paper and live.

Live IV, greeks and vol surface stream from the analytics engine for any universe you subscribe. Historical OHLC jobs and a long-horizon warehouse feed research.

Trading gates · subscription caps

Trading gates

Global kill-switchOFF
Order placementENABLED
Execution engineLIVE
Dry-runOFF
Market sessionOPEN · 12:41 IST
Every fill re-checks exposure before it posts.
Book PLATFORM ↔ BROKER12:41:02 IST

08The trader's book

Everything tagged TRD or QNT

SymbolCapabilityWhat you getLayerDesk
  1. TICKETOrder ticketMarket, limit, SL, SL-M across MIS, NRML, CNC and MTF, with AMO.Market, limit, SL, SL-M across MIS, NRML, CNC and MTF, with AMO.05 OMS / executionTRDQNT
  2. BLOTTEROrders blotterLive order book with status, modify and cancel over WebSocket.Live order book with status, modify and cancel over WebSocket.05 OMS / executionTRDQNTFRM
  3. GTTGTT ordersPlace, modify and cancel good-till-triggered orders where the broker supports them.Place, modify and cancel good-till-triggered orders where the broker supports them.05 OMS / executionTRD
  4. POSPositions ledgerCanonical positions with MTM, books by underlying and product, one-click square-off.Canonical positions with MTM, books by underlying and product, one-click square-off.05 OMS / executionTRDQNTFRM
  5. HOLDHoldings and fundsBroker holdings, and platform versus broker margin compared side by side.Broker holdings, and platform versus broker margin compared side by side.05 OMS / executionTRD
  6. WATCHMarket watchWatchlists with live quotes, depth and an F&O options workspace with trade-on-hover.Watchlists with live quotes, depth and an F&O options workspace with trade-on-hover.01 Market dataTRDQNT
  7. BASKETSmart basketsMulti-leg baskets: sequential, parallel or DAG legs, software SL, TP, trail and scale-out.Multi-leg baskets: sequential, parallel or DAG legs, software SL, TP, trail and scale-out.05 OMS / executionTRDQNT
  8. OMSOrder managementOne canonical order state and fill history regardless of which broker executed.One canonical order state and fill history regardless of which broker executed.05 OMS / executionTRDQNTFRM
  9. CHGCharge estimatesBrokerage and tax schedules per broker so the ticket shows real cost before you send it.Brokerage and tax schedules per broker so the ticket shows real cost before you send it.05 OMS / executionTRD
  10. GATESTrading gatesGlobal kill-switch, placement enable and dry-run visible on every desk.Global kill-switch, placement enable and dry-run visible on every desk.04 RiskTRDQNTFRM
  11. ALERTPrice alertsCondition alerts from any watchlist row, delivered to the inbox and email.Condition alerts from any watchlist row, delivered to the inbox and email.01 Market dataTRD
  12. MOBILEMobile deskDesk, books, watch, trade and orders on your phone.Desk, books, watch, trade and orders on your phone.05 OMS / executionTRDFRM
  13. CHAINOption chainLive chain with greeks, OI and one-click legs into a basket.Live chain with greeks, OI and one-click legs into a basket.02 IntelligenceTRDQNT
  14. OIOptions IntelligencePCR, max pain, OI buildup, support and resistance scores, GEX and event flags.PCR, max pain, OI buildup, support and resistance scores, GEX and event flags.02 IntelligenceTRDQNT
  15. DASHTrader dashboardKPIs, recent orders, movers, setup health and the session phase on one screen.KPIs, recent orders, movers, setup health and the session phase on one screen.02 IntelligenceTRDQNT
  16. RPTReportsStatements, trade book, symbol story, ledgers, reconciliation and invoices.Statements, trade book, symbol story, ledgers, reconciliation and invoices.02 IntelligenceTRDFRM
  17. MKTStrategy marketplaceBrowse strategies, pick universe and broker, set max capital and max loss, autostart.Browse strategies, pick universe and broker, set max capital and max loss, autostart.03 StrategiesTRDQNT
  18. SUBSMy strategiesStart, stop and monitor every subscription with separate paper and live books.Start, stop and monitor every subscription with separate paper and live books.03 StrategiesTRDQNT
  19. PAPERPaper tradingA virtual INR account on live prices, F&O haircuts and market hours respected.A virtual INR account on live prices, F&O haircuts and market hours respected.03 StrategiesTRDQNT
  20. CAPSSubscription capsMax capital and max loss per subscription, enforced before the order is built.Max capital and max loss per subscription, enforced before the order is built.04 RiskTRDQNTFRM
  21. MULTIMulti-broker connectionsZerodha Kite, Upstox, Kotak Neo and Angel One SmartAPI through one gateway.Zerodha Kite, Upstox, Kotak Neo and Angel One SmartAPI through one gateway.06 Broker egressTRDQNTFRM
  22. VENUEPaper venueA first-class virtual venue that executes on live prices with no broker session.A first-class virtual venue that executes on live prices with no broker session.06 Broker egressTRDQNT
  23. EIPStatic-IP remote executorPer-trader static egress IP for broker APIs, with placements, schedules and an IP ledger.Per-trader static egress IP for broker APIs, with placements, schedules and an IP ledger.06 Broker egressTRDFRM
  24. TOTPTOTP and OAuth relayDaily broker auth with live TOTP and a hardened callback relay.Daily broker auth with live TOTP and a hardened callback relay.06 Broker egressTRDFRM