We are thrilled to announce several new enhancements to the Kite web platform, thoughtfully designed to enhance the trading experience. Here’s a closer look at the latest features we’ve implemented:
Order Slicing
Order slicing on the Kite web will elevate your trading by allowing you to navigate exchange freeze quantity limitations with ease. With this feature, large orders are automatically divided into smaller slices. For example, a single-parent order for Nifty can be split into a maximum of 20 slices—managing up to 36,000 quantities effectively. Each slice represents 1,800 quantities. You’ll be prompted to confirm slicing of your orders, and this feature is accessible from the normal order window, baskets, Option Chain, Quick baskets, Trade from Charts, and positions. Sliced orders are indicated with a blue layer icon in the order book, ensuring clear visibility and easy management.
Note: Brokerage is charged per sliced order, similar to an iceberg order.
Square off made easy: Especially when closing positions with quantities exceeding the freeze limit, exiting all positions at once can be challenging. Now, this feature allows you to square off seamlessly. The ‘Exit All Position’ feature will automatically slice if quantities exceed the freeze limit.
Market Protection
Introducing the Market Protection checkbox in the Advanced Options of the order window. This feature allows you to convert market orders into limit orders to manage slippage more effectively. For example, you can set protection as a percentage above the current LTP for a buy order or below for a sell order. If the order isn’t filled within the protection range, it transforms into a limit order at the protection price. This functionality is especially advantageous for stock options and less liquid instruments.
Market protection orders offer a safer alternative to market orders and can be placed faster than limit orders. They are marked with a shield icon in the order book for easy identification. Plus, your market protection preference will be remembered for subsequent orders, streamlining future trades.
Remember Quantity Feature
This feature allows the order window to retain the last entered quantity for the same F&O contract type. For instance, inserting 1800 quantities for a NIFTY 22500 CE contract enables this quantity to persist across all NIFTY F&O contracts, except in the Trade from Chart module in Chart IQ. It’s applicable across all segments except equity and can be enabled in ‘My Profile’ settings.
Available Margin Display
Now, you can view your available balance directly in the order window, eliminating the need to switch to the Funds or Dashboard pages. In addition, applicable charges are displayed next to the required margins. Specifically, it shows available cash for equities selected as CNC and available margin (cash + collateral) for segments like F&O and MIS in Equity.
Market Depth Picker in the Order Window
We’ve added a pen-like option to the order window that displays the market depth for a particular instrument. By clicking on bid/offer values, you can seamlessly input them into the order window. This feature provides you the ability to monitor market depth without switching to Marketwatch.
This enhancement helps to easily input a limit price when squaring off a position or while modifying, making the execution process faster and more efficient.
Toggling Transaction Type
Previously, toggling between buy/sell options was confined to the regular order window. We’ve now expanded this functionality to include the quick order window, providing greater flexibility.
Note: These new features are currently live on the Kite web platform, with an upcoming expansion to the Kite app.
These features aim to make order placement more seamless. Let us know your feedback!
