Grasping The Dicto Drop Copy Solution: Streamline Your Trading With Real-Time Data

Within the supersonic speed of today's trading environment, any delay in getting the right data of even a few seconds poses a big mess for a broker who needs to stay in command of the risk factors. Dicto Drop Copy is one of the top solutions to such a challenge: it's a reliable and secure tool created to get brokerage data straight from NSE in real time. This blog will cover the functionalities, benefits, and technical perspective of Dicto Drop Copy, along with its different versions, to enable you to understand how it shall empower your trading.

What is Dicto Drop Copy?

Dicto Drop Copy is a system that specializes in providing brokers with instant access to trade data at the NSE. It is a key component that helps brokers keep track of and manage clients' trades in real-time. The system helps the brokers reduce risk, avoid prospective losses, and maintain market competitiveness with up-to-date data.

NSE Drop Copy is a trade data feed that disseminates a member's/user's trade in real-time. This is done via a TCP/IP communication protocol and, therefore, includes the safe and reliable delivery of data. A broker after a first log-in session is connected to the Drop Copy Gateway Router, which carries out the function of allocation to a Drop Copy Gateway. Brokers can, therefore, log on to the attached Gateway with the present log-on credentials and thus receive real-time trade data.

> Why Drop Copy of Dicto?

The following are some of the benefits provided by Drop Copy of Dicto :

1. 100% Reliability and Security: Dicto Drop Copy assures that the trade data is securely carried without any breakage and hence offers peace of mind in trade management.

2. Up to the Second Market Data: Brokers have access to real-time trade data that provides all the data they need for decision-making and thus armed to react to any market movement.

3. Scalable: Irrespective of whether you are a Small Brokerage house or a high Trading participant Dicto Drop Copy Provides Scalable Deployment.

4. Value for money: The best of features is embedded into Dicto Drop copy and sold at a price that is sure to be within your budget reach and give value for the money installation that will grow your businesses.

5. Management of Corporate Hierarchy: Easily manage user hierarchy features within the NEAT system for better operational efficiency.

> Dicto Drop Copy Versions

Algo, the manufacturer of Dicto Drop Copy, has made three versions of this solution to meet the varied requirements in business as well as technical. These versions are:

• Drop Copy Basic

Functionality: The version is designed to download trade data in plain text file format regularly. 

File Formats: The Drop Copy Basic supports the creation of trade files in four different formats. This includes the widely used NOTIS format.

• Drop Copy Prime

Advanced Features: Drop Copy Prime builds upon the previous version with the added feature of facilitating the storage of trade data directly into a table within a SQL database. Furthermore, it can still save data in trade files making it possible to output multiple trade files if need be.

Integration Primarily, this version is meant for those businesses that require smooth integration with SQL databases to be able to manage the data more efficiently.

• Drop Copy Prime with Add-on Features

Extended Functionality: It essentially is an enhanced version of Drop Copy Prime, combined in this solution with a couple of additional features, such as the combination with TalkOffice (RMS), the conversion of trade data to CSV or TXT formats, and the real-time execution of trades with the ability to specify quantity ratios.

Real-time Capabilities: This module allows trades to be copied, reversed, and squared off in real-time for a multitude of clients, hence making it one of the most versatile and potent solutions for the most complicated of trading needs.

> Dicto Drop Copy Plugins and Modules

To complement this, Dicto Drop Copy has several supportive plugins and modules that cater to meeting actual business requirements, like:

• File Recording Plugin: This helps users save all their trade data in a file, giving a valuable record that can be analyzed and reported in the future.

  
  

• SQL Integration Plugins: These plugins allow trade data to be automatically transported straight to an SQL database. This reduces complexity in dealing with data and helps in attaining higher efficiency.

  
  

• Custom Trade Processing Modules: Assisting you in performing tasks that are custom to your needs in the trade processing of your very concrete project requirements, for example, profit and loss calculation.

> Technical Requirements for Dicto Drop Copy

Below are the technical requirements that one has to adhere to, for the software to run seamlessly:

• Operating System: Windows 10 Pro

• Processor: 24-core processor

• RAM: 128 GB RAM

• Storage: 1TB SSD (Nvme) 

• Network: The machine will be connected to the leased line network for the execution of trades.

In addition, specific details such as Member Code, Neat ID, Neat Password, and the exchange's IP address and port are required for setting up the Dicto Drop Copy solution.

> Dicto Drop Copy API and Login

The NSE Drop Copy API from NSE gives the broker a connection to the exchange, sending real-time data. On a successful NSE Drop Copy login through the API, it should give an elaborate dashboard for the summary overview of the Drop Copy status, including connectivity, trade counts, the file paths generated for trade files, and multi-time metrics.

The settings screen within the application allows the customer to set personal preferences, such as turning on the bulk mode of file writing and optimizing the file writing with random-access memory, among others. These settings will make sure that performance in Dicto Drop Copy behaves efficiently, specially tailored to your business needs while trading.

> Boost Your Trading with Dicto Drop Copy

This means that Dicto Drop Copy is a sophisticated solution enabling brokers to instantly avail themselves of the NSE trade data in real-time and helps them manage risk factors to enhance trading performance. With different versions and custom features, Dicto Drop Copy offers a high level of cost-effective scalability for any business size.

Whether it's for a basic version, offering simple trade data downloading or an advanced version allowing real-time trade execution and SQL integration: Dicto Drop Copy has it all. This is the solution that will make brokers emerge ahead of the curve and, most importantly, ensure they sail past the choppy waters that the trading landscape has become.

For any further details regarding Dicto Drop Copy on setup and pricing, please contact us at +918657428380 or email us at [email protected]. Attract to the reliable and secure Dicto Drop Copy solution for improving your trading experience today.