What is disclosed quantity? Can I choose not to disclose my order completely?

Disclosed quantity allows traders to display most effectively a part of their total order to the marketplace. This helps in reducing the impact cost and achieving better execution, mainly for big orders. In place of displaying the overall order, the most effective portion is visible. Once this part is executed, the next portion becomes visible.

For  example, if you place an order for 2,500 shares of TCS at ₹3,400, you can disclose only 500 stocks at a time. This means the market will only see 500 shares, even though your total order is large. But, the disclosed quantity has to be at least 10% of the overall order length.

The trade follows a "price-time priority" system, which means every disclosed component is positioned in the queue for execution. This feature is available under "Advanced Options" in the Arihant Plus order pad.