5paisa Introducing Slicing Order

5paisa Introducing Slicing Order

What is Order Slicing-


Order Slicing is a feature where the investors or active traders are given an opportunity to divide the large quantity of their trade into multiple orders based on the number of scrips they want to buy.


How does it work?


Say, you're willing to buy 6000 stocks of JP Infra but the buying limit restricts you to buying only 2000 scrips at a time. How will it be fixed?


Now, while placing the order, if your order exceeds the limit, you'll receive the pop-up to ask your permission to slice your order- (Refer to the image below)

The next will be your order summary brief wherein a window will appear which will display your breakup of order quantity and the count which is known as Slice Order. Provided the client has to maintain the required margin available in their trading account.

Do tell us how you feel about this new feature in the comment section below.