Zerodha, India’s leading stock brokerage firm, has introduced significant enhancements to its Kite trading platform, aiming to streamline the trading process and provide users with advanced tools for a superior trading experience. These updates focus on simplifying order placements, offering real-time financial insights, and enhancing market analysis capabilities.
1. Seamless Order Placement with Advanced Features
Order Slicing: Managing large orders has become more straightforward with the new order slicing feature. When placing substantial orders that exceed exchange freeze limits, Kite automatically divides them into smaller, manageable parts. For instance, large Nifty orders can be split into up to 20 slices, each containing 1,800 quantities, enabling users to handle up to 36,000 quantities without manual intervention.
Available Margin Display: To enhance financial transparency, Kite now displays available funds directly in the order window. This feature allows traders to instantly assess their available margin before placing trades, eliminating the need to navigate to separate sections to check funds.
Market Depth Access: Understanding market depth is crucial for informed trading decisions. With the latest update, market depth information is readily accessible within the order window. By clicking the dropper icon, users can view the top five bid and ask prices along with their quantities, facilitating quick and informed order placements.
2. Enhanced Trading Efficiency with User-Centric Tools
Remember F&O Quantity: For frequent Futures and Options (F&O) traders, Kite now remembers the quantity entered for a contract and automatically fills it in when the order window is reopened. This feature streamlines the trading process, especially for users who consistently trade the same quantities.
Market Protection: In volatile market conditions, executing market orders at unexpected prices can be a concern. Kite’s market protection feature addresses this by setting a predefined range around the current market price. When placing a market order with this protection enabled, the system places a limit order within the specified range, ensuring execution at expected prices.
Basket Icon for Multi-Instrument Orders: The new basket icon simplifies the process of building and executing multi-instrument orders. Accessible from all pages on Kite, it allows users to quickly add instruments to a basket and place multiple orders simultaneously with just a few clicks.
These enhancements are designed to provide traders with more control, transparency, and efficiency, aligning with Zerodha’s commitment to continuous improvement and user satisfaction.
