Kite Connect, Uplink and Smart API: A Comprehensive Study of
Python API Libraries
Somnath Hase
1
and Vikas T. Humbe
2
1
Department of Computer Science, Smt. S. K. Gandhi Arts, Amolak Science and P. H. Gandhi Commerce College, Kada
414202, Maharashtra, India
2
School of Technology, SRTM University, Sub Center Latur, Maharashtra, India
Keywords: WebSocket, SmartAPI, Uplink, Kite Connect, API.
Abstract: The ability of machines to efficiently execute complicated and high-frequency trading strategies has made
algorithmic trading, or "algo trading," an essential part of the financial markets. With a focus on three well-
known platforms like SmartAPI, Uplink, and Kite Connect this research paper offers an in-depth study of
Python APIs in the context of the Indian financial markets. The basics of algorithm trading are covered in the
first section of the study, along with the value of Python as a programming language for creating algorithmic
techniques. The selection of Kite Connect, Uplink, and SmartAPI was driven by their notable positions in the
Indian financial scene, each providing traders and developers with special features and functionalities. Factors
including order execution speed, accuracy of market data, and the variety of supported financial instruments
are considered in this study. Case studies and real-world examples show how each API is used in algorithmic
trading scenarios. The study additionally looks at each API's WebSocket streaming capabilities, which are
essential for real-time data updates in the market.
1 INTRODUCTION
The financial system has shifted its paradigm in
recent years due to the use of technology into trading
activities. Algorithmic trading, or "algo trading," has
become an effective tool that is changing the way the
financial market function. This study explores the
complex world of algorithmic trading, with a
particular emphasis on its application utilizing Python
API inside the framework. Algo trading is the process
of automatically executing high-frequency trades
using mathematical models and pre-established
methods. Its ability to quickly assess market
conditions, identify trading opportunities, and carry
out orders at speeds faster than humans makes it
attractive. As the Indian share market keeps
developing and embracing new technology, algo
trading strategies especially those that use Python
APIs are becoming more and more popular. After
approving the Direct-Market-Access (DMA)
technology, the Securities Exchange Board of India
(SEBI) approved Algo Trading in 2008 (S. Acharya
and Dr. A. Ps 2022).
Artificial intelligence is a technology that can
think and act for itself. As such, it is ideal for
complicated trading applications where efficiency
and speed are critical. Its use can alter trading in a
variety of ways (Vignesh CK 2020), as is already
clear. Many factors are responsible for the daily
changes in the market, which makes it challenging for
businesses and stockbrokers to choose where to trade
(Bali 2021). Python's versatility, user-friendliness,
and availability of libraries and frameworks make it a
popular choice for algo trading. For traders and
engineers looking to build advanced algorithms in the
dynamic and complex environment of the Indian
stock market, Python is a great option due to its
readability and strong community involvement. With
a focus on Python API integration complexities, this
research study attempts to offer a thorough grasp of
API libraries. It looks at the main benefits and
characteristics of using Python for algorithmic
trading, as well as the difficulties encountered and
how they affect in trading procedures Algorithmic
trading is a method of order execution. Using
automated, pre-modified trading rules that represent
variables like volume, cost, and time (M. Mathur et
al., 2021). When compared to human brokers, this
type of trading aims to take advantage of the speed
and computational power of PCs.