Zerodha's focus in 2023 was backend systems, R&D; alert triggers basket & more in pipeline: Nithin Kamath

Zerodha's focus in 2023 was on backend and behind the scenes changes including technology, operations, compliance, and customer support, founder Nithin Kamath explained in a new post on the company's business developments. ‘’Our 13th year was dedicated to streamlining, overhauling and refactoring the behind the scenes systems, and R&D, paving the way for several new products and features we have in the pipeline,'' said Kamath in a new blog post.

Here are a few select updates of Zerodha from last year: Trading platform New universal search on Kite enables discovery and searching of all instruments available for trading and investing including mutual funds, govt. securities, T Bills, state development loans, and IPOs in one place. Charts: Latest versions of ChartIQ and TradingView with 20+ new indicators, 10+ new drawing tools, 5 new chart types, and keyboard shortcuts.

We re wrote the entire backend for charts and migrated billions of rows of chart data points to a more performant, distributed database bringing support for custom time frames. Auctions: Place orders in the auction market (that opens daily at 2 PM) on Kite, where exchanges invite sellers to offer their shares that are short delivered, typically at a premium.

Bids: New unified bids orderbook on Kite to bid on Govt. Securities, T Bills, and SDL (State Development Loans). Virtual contract note: Real time estimated breakdown of brokerage, STT, stamp duty, exchange transaction charges, SEBI turnover charges, and GST for the day. Unlike conventional contract notes, this version also offers order wise charge details to see charges for an order before placing it.

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