Zerodha has recently introduced several enhancements to the Kite trading platform’s order window, aiming to improve user experience and trading efficiency. Here’s a summary of the key updates:
1. Order Slicing
To facilitate large trades, the Order Slicing feature automatically divides large orders into smaller chunks, adhering to exchange-imposed quantity limits. For instance, a substantial Nifty order can be split into multiple slices, each within the permissible limit, ensuring smoother execution.
2. Market Protection
The Market Protection feature allows traders to set a price range for market orders, safeguarding against significant price deviations during order execution. By specifying a protection percentage, users can limit the execution price range, enhancing control over trade outcomes.
3. Available Margin Display
The order window now prominently displays the Available Margin, providing traders with real-time insight into their purchasing power. This transparency aids in making informed decisions and managing funds more effectively.
4. Market Depth Access
Traders can now access Market Depth information directly from the order window. This feature offers a detailed view of the order book, including bid and ask prices, helping users assess market liquidity and make strategic trading decisions.
5. Remember F&O Quantity
For those trading in Futures and Options, the platform now remembers the last entered quantity for each contract. This Remember F&O Quantity feature streamlines the order placement process by reducing repetitive data entry.
6. Basket Order Icon
A new Basket Order icon has been introduced, allowing traders to quickly build and execute multiple orders across different instruments. This feature is particularly useful for implementing complex trading strategies efficiently.
These updates reflect Zerodha’s commitment to enhancing the trading experience by incorporating user feedback and leveraging technological advancements.