I am implementing a basic arbitrage strategy, what I need is following information,
1. Is there a limit on how many order per second can be executed? my research on forum says 5 orders per second? 2. Is there limit on number of trades or amount traded during day? For an example Can i do 5000 trades every day? 3. As Cover orders are also specialized algorithm consisting of more than on orders, so if I place two cover orders in a second will that be considered as two orders or four orders? 4. Brokerage will be same as regular trading Rs 20/- per trade or there is any difference? 5. Any other limitations of API that I should know off before deploying my algorithms? 6. Any limitations specific to exchange as I will be trading in both NSE and BSE.
Any help to these questions will be greatly appreciated. Thanks Vibhore