Order slicing feature automatically divides large F&O orders, placed above freeze quantities, into multiple smaller orders without the need for manually entering multiple orders. It’s a handy tool for managing large orders giving you greater control over your trades.
For instance, let’s say you want to buy 80 lots (or 4,000 quantities) of Nifty 11jul 24300 PE Option. However, exchange only allows the user to place a maximum of 1,800 quantities in one order, i.e. 36 lots. In a normal scenario, you will need to place 3 orders manually:
- Order 1: 1,800 Nifty 11 Jul 24300 PE Option (36 lots)
- Order 2: 1,800 Nifty 11 Jul 24300 PE Option (36 lots)
- Order 3: 400 Nifty 11 Jul 24300 PE Option (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 1,800, the order slicing feature will be activated and our system will automatically split 4,000 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 do I activate Order Slicing feature?
The moment you enter a quantity that is above the freeze limit set by the exchange, CubePlus will automatically enable Order Slicing for you. You don't have to do anything at all. Na-da - we will do all the work for you, so you can focus on what's important
