Basket order feature on Kite web - Testing & Feedback

Hi Siva, Zerodha Team,

do you have a XLS based basket order import/export support as against the JSON based format? Kindly share if something is available.

Thanks

@siva i had asked for this feature long back, when is this going to be implemented? 1st of all there was no point giving json format which cannot be used easily

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Since Kite requires multiple fields including exchange instrument IDs(that are not available with the customer) in a basket, it wouldn’t be possible to allow CSV or XLS import yet.

The reason we have JSON import facility is to allow exported baskets(JSON baskets) from other accounts to be imported to your account. Read more.

@MohammedFaisal i’m from IT industry & if you can implement in json format then you can easily implement the same in excel format without any major coding so please don’t give excuses.

@nithin @siva for such minor requests like excel basket import/export & option chain implementation in kite why is zerodha not taking seriously & requests are pending for years…if you see responses from your team they keep saying it’s in pipeline which has no target dates.

Basket order SIP is an awesome feature. However, there are 2 major things missing:

  1. Time of SIP starts from 9:30 instead of 9:00 or 9:15. When the market opens at 9:00 AM, logically, the first time option must start from 9:00 AM. I want to place order at 9:15 though, even that is not available. So, Please make the SIP start timing to 9:00 AM with intervals of 15 min so that I can place order at 9:15 AM

  2. Daily SIP is what I am looking for. So, how about a daily or weekly SIP option…

@Ashish_Raj
I am achieving daily sip using the following setup to buy my daily basket. With the same logic, you can reduce the scheduled dates and do it for weekly.

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This is intentional. At 9.15 AM when the markets open is when the volatility is the most and also there are freak trades. We don’t want to be adding on to this by firing a large number of orders as basket orders at market open.

Daily SIP isn’t really something that people do or we have been requested for. But like how @jashjacob has mentioned above, you can maybe set it up in the way he has mentioned.

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Actually, I want to take benefit of this volatility and freak trades. Sometimes, you do get good prices in small caps in such volatility and freak trades. That’s why I need place orders at 9:00 AM and 9:15 AM daily. Because, I am taking a freak chance that may happen maybe with 1 stock in the basket in a month.

You may want this, but there will be 100 others complaining on this forum saying they were on the opposite end of the freak trade and zerodha screwed up.

If you use a facility and loose, How does Zerodha screw up? You don’t like it, don’t use it.

It is a facility that is already available - AMO, You can place order before 9:00AM. How different is AMO placing order at 9:00AM and SIP placing order at 9:00AM?

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Instinctively people will choose the market opening time. While you are thinking about just yourself, as a platform we can inadvertently end up being the reason for large spikes in freak trades if a large number of orders are placed at market opening. We are questioned by regulators and exchanges if freak trades happen through our customer base.

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If regulators nudge you, then yes, it is a challenge. What gave you an indication that the regulators might have a problem with this. They already allow AMO.

How about a nudge? Can that be an cure for the possible losses by the users? Or maybe allowing only limit orders and disallowing market orders during 9:00 AM and 9:15 AM? Just thinking about the possible solutions…

Otherwise, Please allow me to reiterate that you are already providing this facility in the form of AMO

Even with AMO, we had to move from 9.15 AM to 9.00 AM for the same reason.

We have thought about this quite a bit and decided not to do this.

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can we place limit order in basket sell order leg? or both legs?

Yes, you can place limit order.

Would it be possible to incorporate iceberg orders into basket orders in the near future?

No, the basket order will be more complicated because we will need to display the order status of each iceberg order leg, and it will allow a user to execute a large number of orders with a single click.

Can we have a feature that automatically create a basket that contain the reverse of existing basket?

For example, I have an existing basket with multiple clones of these two orders in it.

  1. Buy 39200 PE, 1200 quantity, market price
  2. Sell 39100 PE, 1200 quantity, market price

Now, I want a new basket without disturbing the existing basket that performs following.

  1. Sell 39200 PE, 1200 quantity, market price
  2. Buy 39100 PE, 1200 quantity, market price

It would be useful to have this new basket generated quickly with single click, as it is a bit time consuming to do this through the app and also keep track of market price, especially when the market is moving quickly.

We discussed this a few months ago and will look into it. It could take some time.

Can we have at least a feature to quickly copy or create a clone of an existing basket?
The user could open the basket and quickly toggle buy/sell option of each contract within it.