- Zerodha, India’s leading discount brokerage firm, has once again revolutionized the trading experience with the introduction of six new features on its flagship trading platform, Kite. These enhancements aim to streamline order placement, improve efficiency, and provide traders with vital information at their fingertips. In a competitive landscape where brokers continuously innovate to attract and retain users, Zerodha’s latest updates set a new benchmark in trading technology.
Overview of New Features on Kite
Nithin Kamath, the Founder and CEO of Zerodha, announced these new features on the social media platform X (formerly Twitter). The latest updates includeÂ
- order slicing
- available margin display
- improved market depth view
- a memory function for F&O quantities
- a market protection mechanism
- and a new basket icon
for seamless multi-instrument order execution. These features collectively enhance trading efficiency, reduce manual intervention, and offer traders a seamless experience.
Order Slicing: Facilitating Large Trades Efficiently
Managing large orders just got easier with our new order slicing feature, designed to bypass exchange freeze quantity limits seamlessly.
When you place an order exceeding the exchange’s allowed quantity, Kite automatically breaks it into smaller slices. For example, large Nifty orders can be split into up to 20 slices, each containing 1,800 quantities. This means you can execute orders of up to 36,000 quantities without any manual effort.
Brokerage charges apply separately to each executed slice. So, if your order is divided into five slices, brokerage will be charged on all five executed orders individually.
To keep things simple, a nudge notification alerts you when your order exceeds the freeze limits, indicating that it will be sliced. Plus, all sliced orders are easily identifiable in your order book with a blue layer icon for better tracking.
Available Margin Display: Real-Time Fund Assessment
Previously, traders had to navigate to the Funds page separately to check their available margin before placing an order, adding an extra step to the trading process.
With this update, Kite Web now displays available funds directly within the order window. This enhancement allows traders to instantly verify their margin availability before executing a trade, eliminating the need to switch between tabs and streamlining the overall trading experience.
Market Depth Integration: Better Price Discovery
Accurate market depth analysis is essential for informed trading decisions, particularly when executing large orders. Previously, accessing market depth required hovering over a stock in MarketWatch and then clicking through to view the details.
With our latest update, market depth is now seamlessly integrated into the order window. A single click on the dropper icon instantly displays the top five bid and ask prices, along with their respective quantities. For NSE-listed stocks, clicking the arrow expands the view to reveal the full 20-depth market.
Additionally, traders can streamline order placement by simply clicking on any bid or ask price, which will automatically populate the order window with the selected price.
Remember F&O Quantity: Streamlining Repetitive Trades
For traders who frequently execute F&O orders with a consistent quantity, the Remember F&O Order Quantity feature offers enhanced efficiency. Once enabled in your profile settings, Kite will automatically retain the last-entered quantity for a contract, eliminating the need for manual input each time you open the order window.
This functionality extends across all contracts with the same underlying. For example, if you set a quantity for Nifty Futures, the same quantity will be pre-filled for Nifty Options as well. The Remember F&O Order Quantity feature is available across index, stock, commodity, and currency F&O contracts, ensuring a seamless and efficient trading experience.
Market Protection Feature: Safer Market Orders
In volatile market conditions, price fluctuations can sometimes result in orders executing at unexpected levels. To provide greater control over market orders, Kite Web introduces the Market Protection feature.
Unlike standard market orders, which execute at the best available price, rapid price movements can lead to significant slippage between order placement and execution. Market Protection mitigates this risk by defining a predetermined price range around the current market price, ensuring more controlled execution.
The Market Protection percentage is determined based on the following criteria:
New Basket Icon: Effortless Multi-Instrument Trading
We’ve made it easier than ever to add instruments to your basket, streamlining the trading process. The Basket icon is now accessible from all pages on Kite Web, allowing you to open a basket with a single click and directly search and add instruments.
You can also add instruments effortlessly from your MarketWatch, holdings, positions, and more. Simply click on More and select Add to Basket. Once you’ve added all your instruments, you can review, edit, or execute your entire basket with a single click using the Place All option.
For options traders, we’ve introduced a basket toggle icon in the option chain. When enabled, it allows you to add multiple option strikes to your basket at once, eliminating the need to search and add each strike manually.
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