AutoTrader Web is a PMS tool with a dedicated focus on saving time and manpower.
This software allows Portfolio Managers to manually trade and manage hundreds of trading accounts from a single dashboard. No need to keep support staff to manage multiple trading accounts. No more losses from data entry errors, that might be made by the support staff.
There is also a provision to automate your multi-account trading using our API libraries available in different programming languages. Portfolio managers can build automated trading systems, which trades across multiple trading accounts. All of this can be managed from a single dashboard.
Some of the most popular PMS features among portfolio managers are:
- Manage multiple trading accounts from a single dashboard
- Form a group of trading accounts & trade them as a single account
- Combined as well as account wise live portfolio details like orders, positions, margins etc.
- Copy order into trading accounts or trading account groups
- There is an optional provision to enter different quantity per trading account or trading account groups
- Modify multiple orders across trading accounts in bulk with a single click
- Cancel multiple orders across trading accounts in bulk with a single click
- Square-off multiple positions across trading accounts in bulk with a single click
- Square-off multiple portfolios across trading accounts or groups in bulk with a single click
- Create pseudo accounts which allow you to have a custom name for a trading account to remember them easily
- No need to install any software, you can trade from anywhere (PC, Mobile or Tablet)
So let us take a look at how you can get started with Portfolio Management across multiple trading accounts from different stock brokers in India.
Add your Trading Accounts
Once you have registered, the next step is to add your trading accounts in our system. You need to navigate to the menu (Settings -> Trading Accounts).
You would need to add your trading account details like broker, trading platform & credentials. This is required, as our system needs to login to your trading account in order to allow you trade from a single dashboard. The credentials are stored in an encrypted format in our database, so even our support staff cannot read it. To know more about security, please refer to Security Concerns.
More details of adding trading accounts are given in trading accounts.
Add Pseudo Accounts
This step is optional, as you do get an option to automatically create a Pseudo Account when adding a Trading Account.
A pseudo account can be thought of as a dummy account name. It is basically a pointer to an actual trading account.
It can be useful to portfolio managers, as it allows you to give a custom name to a trading account. It is far easier to remember an account by some meaningful name instead of a login id.
In case you created a pseudo account & want to delete it. Just open a pseudo account & delete it by pressing Delete button. This will free up the trading account associated with it, so that you can map it to a new pseudo account.
The concept of pseudo account was brought in to achieve broker independence primarily for our automation APIs.
Create Group Accounts
This is one of the most important features, if you are managing a large number of accounts.
A group account is basically a collection of pseudo accounts. Remember, a pseudo account is nothing but a pointer to your trading account. So, you can say that a Group Account is a collection of trading accounts.
Think about it like this, you can group your accounts based on the category (Example, HIGH_PROFILE_CLIENTS, LOW_PROFILE_CLIENTS). Each group will have many accounts in this case, but now you can trade using just 2 group accounts as per this example.
- You can easily copy a single order across different account groups
- There is also an optional provision to enter different quantity per group
- You can also square-off entire groups in a single click
You can find more details about How to create a Group Account?
Place or copy order
Our order entry screen gives you an option of selecting the accounts you have while placing an order. You can also select group accounts. The system will then COPY that order into all trading accounts that were selected.
The system uses broker independent trading symbols. There is a search button available to help you find the right Exchange & Trading Symbol.
You need to navigate to Menu (Trading -> Portfolio) & the click on the Trade tab.
Let us go through various options provided by the order placement screen.
Copy order across multiple accounts
In this scenario, we want to place the exact same order in multiple trading accounts with a single click.
As you can see our order will be copied to two accounts that have been selected. You can even select multiple accounts by pressing ‘Ctrl + click’ or ‘Shift + click’ or ‘Ctrl + a’.
Copy order across multiple accounts with different quantities
In this scenario, we want to place the exact same order in multiple trading accounts (except for the quantity which might be different for each account).
As you can see our order will be copied to two accounts that have been selected. You can even select multiple accounts by selecting the rows.
Note: Once a row is selected, you will get an option to enter the quantity. Order will only be placed in the accounts that have been selected.
Copy order across multiple Groups
In this scenario, we want to place the exact same order in multiple trading “groups” with a single click. Remember a Group is a collection of trading accounts.
As you can see our order will be copied to all trading accounts belonging to HIGH_PROFILE group. You can even select all groups or multiple groups by pressing ‘Ctrl + click’ or ‘Shift + click’ or ‘Ctrl + a’.
Copy order across multiple Groups with different quantities
In this scenario, we want to place the exact same order in multiple trading “groups” (except for the quantity which might be different for each group).
As you can see our order will be copied to all accounts belonging to the two groups that have been selected. You can even select multiple groups by selecting the rows.
Note: Once a row is selected, you will get an option to enter the quantity. Order will only be placed in the groups that have been selected.
Monitoring allows you to monitor all of your trading accounts from a single dashboard.
To monitor accounts, navigate to Menu (Trading -> Portfolio).
Note: There is a dropdown available at the top to filter ‘All Accounts’, an account group or an individual account.
The Summary tab allows you to see a consolidated picture of all of your trading accounts.
As you can see, a summary of all of your trading accounts are displayed here. This consolidated view is exactly what a portfolio manager wants from his PMS software.
We are working on adding more widgets to this screen.
Positions screen displays details of all positions held in all of your accounts. Additionally, there are options available to square-off position or entire portfolio (account).
Here is a look at how the position screen looks:
There are many columns available & you can expand each row by clicking (+) sign next to it.
Position Category – There is a drop-down to select positions by category. Some trading terminals return positions in two different sets (DAY & NET).
- DAY – a snapshot of buying & selling activity for that particular day
- NET – actual, current net position portfolio
State – There is a drop-down to select positions by their state (i.e. OPEN or CLOSED). The state is determined only by looking at the net quantity. For BO & CO positions, please check for open child orders (target & stoploss orders).
Search – There is also a search box available, which allows you to search positions by any column (Example, you can search by account, broker, stock symbol, position type etc.)
Square-off Position – You can select multiple positions by clicking on their respective rows. Then you get an option to send a square-off request for all of them with a single click.
There are two types of square-off options available.
- Square-off with custom options with (Sq. Pos.) button
- Square-off at market price with (Sq. Pos. Mkt.) button
More details about square-off are given in the square-off documentation.
Square-off Portfolio – You can send a square-off request at portfolio or account level. There is an option to select multiple accounts or groups. Look for the highlighted ‘Sq. Acc.‘ button. Here is a picture of square-off portfolio screen:
You can read more about positions screen.
Orders screen displays details of all orders in all of your trading accounts. Additionally, there are options available to filter the orders or cancel/modify them.
Here is a look at how the order screen looks:
As you can see in the above picture, orders from different accounts across different stock brokers are displayed here.
Filter – You can use the drop-down to select orders by their status.
Search – There is also a search box available, which allows you to search an order by any column (Example, you can search by account, broker, stock symbol etc.)
Selection – There are many different ways to select the orders. You can click on the rows or click the All button.
Cancel Orders – You can cancel orders in bulk. To cancel all open orders, filter order by status OPEN and then click All button to select all orders & click Cancel. Do the same process, if you have orders in TRIGGER_PENDING status.
Modify Orders – You can even modify orders in bulk. This is a very unique feature, which is only available in AutoTrader Web.
Margins screen displays details of all margins held in all of your accounts. You have a provision to look at the margin by different categories.
There are cases wherein you need to investigate what happened after a particular action. For example, you clicked Square-off but the the square-off did not happen; you might want to investigate and find out what went wrong. In such cases, you can use Activity screen. Go to menu (AutoTrader -> Activity)
You can enter the date and search the logs of the system. There are detailed logs, which help you to investigate issues.
As you can see, our PMS software allows you to single handedly do work; which otherwise requires many people. You as a portfolio manager get all the control and you do not have to worry about your staff making data entry mistakes.
This is just the beginning. Although the product is one of the most promising Portfolio Management System; it is still far from complete. We are working hard towards introducing new features to save your time, provide more detailed analytics as well as add support to many more stock brokers.
You can always share your feedback & help to improve the product.