LSEG Refinitiv and CMOTS at the core for depth and Indian-market breadth. Retail providers as a cost-efficient bridge. Free public sources as the benchmark. Every recommendation traces back to its upstream source via PermID — the open universal entity ID.
OAuth 2.0, REST + streaming, PermID symbology bridge. Procurement: enterprise quote via UOF (Universal Order Form); free-trial sandbox available before contract.
Indian-market specialist — 226 endpoints across 18 categories.
REST/JSON; EOD refresh ~11:30 PM IST. Per-endpoint subscription — contact for quote.
Authorised-vendor route to exchange-source real-time tick, Level 2/3 depth and full F&O. Prerequisite for execution-grade signal — TrueData and Global Datafeeds resell from here. NSE's published domestic-vendor tariff (eff. 1 Apr 2025) is ₹24L/yr + ₹820/user/mo for Level 1, ₹37.5L/yr + ₹1,400/user/mo for Level 2, ₹50L/yr + ₹1,975/user/mo for Tick-by-Tick [NSE Tariff Apr 2025].
Authorised NSE/BSE/MCX vendors. REST + WebSocket, 60,000+ symbols, 1s ticks, option greeks, multi-timeframe OHLCV. ₹5–15K/mo [per provider rack rate]. Used through Phase 1 streaming until the LSEG contract closes.
Zerodha Kite Connect, Upstox, Angel One SmartAPI, ICICI Breeze. Free with each brokerage account; we abstract per-broker quirks behind a Gateway so user-facing flows stay broker-agnostic. Also the source for user-consented order history.
10+ year ratios, con-call transcripts, analyst notes, peer screens. ₹5–20K/mo [per provider rack rate]. Useful as an independent overlap-check against CMOTS fundamentals during data-quality QA.
EOD bhavcopy, index constituents & weights, sector classification, AMFI NAV, NSE/BSE corporate-action calendar. Free; high-trust because it is the source-of-record. Used as the baseline benchmark for everything paid above.
User-consented demat and mutual-fund holdings import. Per-request pricing. Required for personalised advisory; explicit consent & purpose-limitation captured at the point of import.
MoneyControl / LiveMint / ET RSS, NSE & BSE announcements feeds, Twitter/X API, Reddit. Free / API-licensed (per-tier, contact for quote on commercial use). Drives the sentiment overlay on top of LSEG Reuters News.
Where two sources overlap we keep both — one as primary, the other as an automated cross-check. ✓ = first-class coverage, ~ = partial / derived, ✗ = not covered.
| Capability | LSEG / RDP | CMOTS | TrueData | NSE/BSE | CDSL/eCAS | News/Social |
|---|---|---|---|---|---|---|
| Real-time tick (Eq + F&O) | ~ via Elektron | ✗ | ✓ | ✓ direct | ✗ | ✗ |
| EOD OHLCV / bhavcopy | ✓ | ✓ | ✓ | ✓ free | ✗ | ✗ |
| Company fundamentals | ✓ | ✓ 28 endpoints | ✗ | ~ filings | ✗ | ✗ |
| Consensus estimates (I/B/E/S) | ✓ primary | ✗ | ✗ | ✗ | ✗ | ✗ |
| Quant factors (StarMine) | ✓ primary | ~ ratios | ✗ | ✗ | ✗ | ✗ |
| Technical indicators (EOD) | ~ derive | ✓ 27 endpoints | ~ derive | ✗ | ✗ | ✗ |
| Corporate actions / events | ✓ | ✓ 20 endpoints | ✗ | ✓ source | ✗ | ~ RSS |
| Index constituents & weights | ✓ | ✓ | ✗ | ✓ source | ✗ | ✗ |
| Mutual funds (NAV, holdings, ratios) | ✓ Lipper | ✓ 32 endpoints | ✗ | ~ AMFI NAV | ✗ | ✗ |
| ETFs | ✓ | ✓ 11 endpoints | ✗ | ~ | ✗ | ✗ |
| IPOs (with DRHP / timeline) | ~ | ✓ 7 endpoints | ✗ | ~ filings | ✗ | ✗ |
| News (EN + HI, real-time) | ✓ Reuters | ✓ 18 streams | ✗ | ~ announcements | ✗ | ✓ |
| User holdings (demat / MF) | ✓ | ✗ | ✗ | ✗ | ✓ source | ✗ |
| Symbology (PermID/RIC/ISIN/NSE/co_code) | ✓ PermID | ~ co_code | ~ | ✓ ISIN | ✗ | ✗ |
Both providers expose history, but at different orders of magnitude. This is the single biggest reason to pay for LSEG on top of CMOTS: backtests, factor research and walk-forward validation need decades, not years.
5 years of fundamentals is enough for most retail-facing screeners and recommendation engines. It is not enough for proper factor backtesting, regime-aware risk models, or any use case that needs to survive a full credit cycle (which the Indian market last saw in 2008–10). Plan to source long-window history from LSEG DataStream + I/B/E/S, and use CMOTS as the live, low-latency Indian-market surface on top of it.
CMOTS is dense — these eight clusters cover the depth we need for fundamental, technical, MF/ETF and corporate-action use cases without ever leaving Indian markets.
CompanyMaster (~6,150 records), Today's Results, Annual / Quarterly result-declaration calendars. Foundation for symbol resolution and event scheduling.
Profile, Board of Directors, Chairman / Director report, Auditor report, Pledge Shares, Insider Trading, Subsidiaries & JVs, Segment-wise revenue (geo + product).
Quarterly / Half-yearly / Yearly P&L, Balance Sheet, Cash Flow, Share-holding (detailed + aggregate + >1%), all standard ratio families (Margin, Performance, Efficiency, Stability, Valuation, Cashflow, Growth, Liquidity, TTM, Quarterly, Yearly).
BSE + NSE announcements, Book Closure, AGM/EGM, Bonus, Rights, Dividend, Splits, Merger / Demerger, Buyback, OFS, event-date and forthcoming-action lookups.
Hot Pursuit, Pre / Mid / End-session commentary, Corporate-results, Stock-alert, F&O update, IPO / Commodity / Mutual-fund / Currency news, Bullion, Forex.
Top revenue / yield / valuation / debt screens, 52-week high/low crossings, gap-up / gap-down, FII upward trend, turnaround YoY/QoQ, delivery-percentage ranks.
SMA / EMA crossovers, RSI>70 / <30, MACD, ADX, Williams %R, Bollinger band breaks, CCI, stochastic, Pivot (Classic + Fibonacci, BSE/NSE 5–15 min delayed).
Scheme master, Daily / Historical NAV, scheme returns & ratios, fund-house portfolios, asset / sector allocation, "What's In & Out", ETF quotes & holdings, IPO master + DRHP + timeline + subscription + risk + strength.
Real-time and historical Reuters News & News Analytics with rich tagging metadata. Linkback distribution returns canonical URLs to research articles for compliance-friendly attribution inside our advisory output.
Sell-side consensus estimates and StarMine quant analytics — earnings quality, smart-estimates, predicted surprise. Drives factor scoring without us having to maintain an in-house analyst panel.
ESG factor data for portfolio screening, Lipper for global mutual-fund benchmarks, DataStream for deep historical macro and economic series. Tradeweb FI is available if we extend into fixed-income advisory.
| Tier | Provider | Pricing model | Order of magnitude |
|---|---|---|---|
| Enterprise | LSEG · Refinitiv RDP | Annual licence via UOF | Enterprise quote — typically $18K–$90K/yr per seat-and-feed bundle [Vendr benchmark]; Contact for quote |
| CMOTS | 12-month annual contract, basket-based | Per-endpoint basket — Contact for quote (contract embeds NSE pass-through tariff above) | |
| Retail bridge | TrueData / Global Datafeeds | Monthly rack rate | ₹5–15K/mo [per provider rack rate] |
| Broker APIs (Kite, Upstox, Angel, Breeze) | Bundled with brokerage account | Free with active account | |
| Screener / Trendlyne / Tickertape | Monthly rack rate | ₹5–20K/mo [per provider rack rate] | |
| Public & reference | NSE · BSE · AMFI public | Free | Free |
| CDSL · NSDL · CAMS · MFCentral | Per-request, user-consented | Per-request — varies by aggregator | |
| News RSS · Twitter/X · Reddit | Free + API tiers | Free + per-tier — Contact for quote on commercial use |
PermID is LSEG's open, permanent, never-reused 64-bit identifier that complements RIC / ISIN / LEI / CUSIP / SEDOL. The Open PermID Record-Matching, Entity-Search and Intelligent-Tagging APIs at permid.org are free and require no Workspace contract; the Symbology API is bundled with any RDP content subscription. We adopt PermID as our canonical entity ID and maintain a crosswalk table (PermID ↔ RIC ↔ ISIN ↔ NSE symbol ↔ CMOTS co_code ↔ BSE sc_code) so a single recommendation can be joined to every upstream source without ambiguity. Cost claims above are provider-stated rack rates where public; enterprise figures are intentionally left as "Contact for quote" rather than fabricated.