Order slicing feature automatically divides large F&O orders, placed above freeze quantities, into multiple smaller orders. This helps reduce your impact cost of execution giving you greater control over your trades. It’s a handy tool for managing large trades.

For instance, let’s say you want to buy 80 lots (or 4,000 quantities) of Nifty Futures. However, exchange only allows the user to place a maximum of 1800 quantities in one order, i.e. 36 lots. In a normal scenario, you will need to place 3 orders manually:

Order 1: 1800 Nifty futures (36 lots)

Order 2: 1800 Nifty Futures (36 lots)

Order 3: 400 Nifty Futures (8 lots)

With order slicing, you can buy or sell 4,000 quantities in one order. Since it is above the exchange freeze limit of 1800, the order slicing feature will be activated and our system will automatically split 4000 Nifty futures quantity into three orders and place them as three separate orders with the exchange. Voila, no more wasting time or losing the price due to manual placement!

How to place a order-slicing order?

1.Login to your account. Once logged in, navigate to your watchlist and select the specific scrip you wish to order.

2. Click on “Buy” option for selected scrip

3. if you enter a quantity greater than the freeze quantity limit for that particular scrip, you will see a pop-up message that says “Order Slicing Activated.” This message will appear just below the quantity.

4. To get more information about the freeze quantity limit for that script and the number of orders in which it will be sliced, click on the information “i” button provided.

6. After clicking “Buy” and confirming the order, a review screen will appear, showing you the count of orders that will be placed in the market.

7. Upon clicking “Proceed” you will receive a successful order placement confirmation. If you wish to view your order, click on “View Order,” and you will be redirected to the order book.