How It Works

When you place a large order more than the exchange prescribed limit, the system divides it into smaller legs, placed sequentially until the desired quantity is executed. This automation eliminates the need for multiple manual orders, simplifying the process.

Navigating Exchange Limits

Exchanges limit the maximum quantity for equity derivative contracts—72 lots (1800 units) for Nifty and 60 lots (900 units) for Bank Nifty. This can be cumbersome for traders executing larger quantities. Order slicing automates and streamlines this process, handling the multiple orders seamlessly.

Order Visibility and Brokerage

Sliced orders appear in your order book, and traded orders reflect in your net position. Each leg is a separate order, incurring individual brokerage fees. If your order splits into three legs, brokerage applies to all three.

Handling Placement Issues

The system notifies you if any leg fails to place, while the remaining orders follow the planned sequence, ensuring minimal disruption to your strategy.

Fund Management

For Power of Attorney (POA) Y users, funds are automatically blocked. POA N users need to transfer funds before order placement. This ensures a smooth trading experience.

Order slicing enhances trading efficiency, maintaining market discretion and complying with exchange limits, making trading more accessible and effective.