ChartIQ Extends Partnership with India's Largest Stockbroker Zerodha

Fazzaco learned that Cosaic, formerly as ChartIQ, has extended its partnership with Zerodha, India's largest online discount brokerage firm. Since 2016, Cosaic has provided ChartIQ solution for Kite, Zerodha’s flagship trading platform.

Zerodha has over six million clients, and is now the largest stockbroker in India, contributing to over 15% of all retail order volumes in India daily. The partnership enables Zerodha to deliver a modern and immersive trading interface to their users, most of whom interact with the platform via their mobile device.

In 2016, Zerodha combined Cosaic's improved charting library into its web-based trading platform Kite, providing a visually rich charting display for mobile devices. The platform offers a sleek, minimalistic interface integrateed with ChartIQ's 125+ technical analysis indicators, drawing tools, and educational components. The interface is easy enough that anyone with basic knowledge can start trading right away.

Kite also offers live streaming prices and buy/sell submissions in just two clicks or by using keyboard shortcuts. Additionally, Kite provides clients access to level 3 or 20 depth market data—a first for a brokerage in India. This coupled with ChartIQ's advanced technical analysis charting tools make sophisticated intraday trading strategies possible.

"The ability to deliver to millions of devices without any disruption in performance is crucial for Zerodha, as their user base has expanded from two million in 2020 to six million today. This type of flexibility allows companies like Zerodha to scale quickly, while providing their users with innovative trading tools."Dan Schleifer, CEO & Co-founder of Cosaic, said, "We're thrilled that our charts are in front of millions of Zerodha users every day, and look forward to seeing those numbers grow as Zerodha's base expands further."  

Nithin Kamath, Founder & CEO of Zerodha commented, "We are very happy with our continued partnership with ChartIQ. We are certain that Kite's user-friendly technology wrapped up and presented with ChartIQ's Charting Library will ensure smooth access for our clients to the market."