Excel Based Trading (2024)

Overview:

This is an extension feature on the trading platform to stream Live feed on an excel sheet. It provides facility to view live feeds of selected watchlist in an excel sheet. User has to only connect to the feed server. It is useful to the active traders as they can apply their custom formulae and analyse the required output as per the condition been met in the formulae.


Functionality:

Live feed in an Excel sheet feature is currently made available for Two interfaces within the Trading platform: -


1.Watchlist

2.Option Chain

  • A hyperlink as a text - “Link to Excel” link is provided on the Watchlist page.

3.On clicking this link, a pop-up window will appear in which user will have 2 options:

  • 1st option is to download excel for 32bit m/c
  • 2nd option is to download excel for 64bit m/c.
  • Depending on the user desktop / laptop machine Excel version, use has to select anddownload the Pre-binded .Xll file in his local machine.
  • Once the .Xll file got downloaded and saved in local machine of the user.

4.User will click the file to open and an excel will get opened.

5.It opens with a new custom tab “Connect to Feeds” - on click below CTA options will appear:-

  • Connect icon
  • Disconnect icon
  • Refresh icon
  • Watchlist dropdown

6.On clicking “Connect” icon data with live feeds start streaming in an excel for selected watchlist.

7.Same set of Scrips of the selected watchlist will be carry forwarded in an excel.

8.If user adds or removes any scrip from selected watchlist in the Web trading application to getthe impact in excel sheet user have to just click on “Refresh” button in active excel.

9.On selecting different watchlist from dropdown list user have to click on “Refresh” button.

10.A Pre-defined default columns list is mapped at the server side which will appear in an excel sheeton selection of any watchlist.

11.To stop feeds user, have to click on “Disconnect” button.

Order Placement Capability from Excel Itself.

  • Buy / Sell as Button– on each row. On click will invoke Buy / Sell HTML Web Order form onoverlay of an excel itself. The Order form opens in a default browser window.

(Click Here for detailed information on Excel Based Trading)

(Click Here for detailed information on Pre-requisites to perform before opening “Link to Excel” feature in watchlist)

Excel Based Trading (2024)

FAQs

Can Excel be used for trading? ›

Every bank uses Excel for trading on a daily basis. The ordinary investor or trader won't use Excel in this way, but the methods for employing Excel in a trading atmosphere are not hard. You simply need to understand how you intend to use Excel, and what kind of trading work-flow works for you.

Why do traders use Excel? ›

Traders looking to back-test a model or strategy can use simulated prices to validate its effectiveness. Excel can help with your back-testing using a monte carlo simulation to generate random price movements. Excel can also be used to compute historical volatility to plug into your models for greater accuracy.

Can you get real time stock prices in Excel? ›

To insert a stock price into Excel, first convert text into the Stocks data type. Then you can use another column to extract certain details relative to that data type, like the stock price, change in price, and so on.

Is Excel good for Stocks? ›

Excel: an easy-to-use solution for managing your stock

First off because most enterprises already have it on their systems, so no additional expense is required.

Can I earn money through Excel? ›

Excel Templates & Tools

You can make money by creating and selling ready-to-use Excel templates and tools to people who struggle with creating complex spreadsheets from scratch.

How to get dividend yield in Excel? ›

For real-time dividend yield, you can use a formula like =WISE("ticker", "dividend yield", "ttm") in Excel, where “ticker” is the stock's ticker symbol and “ttm” stands for trailing twelve months. This method requires the Wisesheets add-on.

How to use Excel for Stocks? ›

With the cells still selected, go to the Data tab, and then click either Stocks or Geography. Select one or more cells with the data type, and the Insert Data button will appear. Click that button, and then click a field name to extract more information.

Should I buy Exel stock? ›

The average price target represents 23.14% Increase from the current price of $21.74. Exelixis's analyst rating consensus is a Strong Buy. This is based on the ratings of 14 Wall Streets Analysts.

How to use Excel in stock market? ›

Excel has built-in algorithms for calculating a number of financial measures that are essential for stock analysis. Use the calculation ((Closing Price – Opening Price) / Opening Price) * 100 to determine daily or periodic returns. Calculate volatility as well by determining the returns' standard deviation.

Can I freelance with Excel? ›

Guru.com is the leading online space for Microsoft Excel freelancers to find work posted by employers, manage projects and get paid. Simply create your profile and define the services you want to offer for hire. Employers will find you by these services when they search for freelancers.

Do finance people use Excel? ›

Investment bankers, financial analysts, and investment research professionals rely heavily on Microsoft Excel and its built-in financial formulas.

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