In the ever-evolving landscape of online trading, executing large orders seamlessly is a key factor in achieving trading success. We are excited to introduce “Order Slicing,” a feature designed to simplify the way traders place orders in the FnO segments. With order slicing, you can overcome freeze quantity limitations set by the exchanges and put as many quantities as you would like to trade in one go.
Placing orders that exceed the exchange’s Freeze limit for FnO contracts can be challenging. These limitations often disrupt trading strategies and require traders to find workarounds like - placing multiple separate orders with freeze quantity, running an algo to place multiple orders for you, etc. Just to enter into a position.
This process now, will become simplified with AngelOne’s order slicing,
For example -
You want to place a substantial order of 720 lots for Nifty options contracts, while the exchange’s freeze limit is set at 36 lots. Order slicing simplifies this process by splitting your order into smaller segments that comply with the freeze limit, ensuring efficient & quick execution.
As soon as you enter lots greater than freeze limit, you will see “order slicing available”, notifying you that this order will be split.
Here’s how it works:
When placing an order that exceeds the Freeze limit, our system automatically divides the total number of lots by the Freeze limit lots.
In the example mentioned, 720 lots divided by 36 lots (the Freeze limit) results in 20 sliced orders.
Each sliced order, containing 36 lots, are created and when the user clicks on proceed, is promptly sent to the exchange for execution.
This powerful slicing capability is available during order entry, exit, and stop-loss placement.
You also have the flexibility to choose between limit and market orders for each sliced order.
Here’s a view of 720 lots placed in one shot with order slicing
Order Slicing streamlines your trading process by eliminating the need for manual interventions. This ensures you can capitalize on market opportunities without delays or disruptions.
To sum it up, Order Slicing empowers traders to overcome freeze quantity limitations seamlessly and execute large orders with ease. By automatically dividing orders based on the Freeze limit, this feature enhances your trading experience and ensures efficient execution. Embrace the power of Order Slicing to optimize your trading strategy, adapt to market conditions, and unlock new possibilities in the world of online trading.