What is order slicing and how to enable the feature?

What is order slicing and how to enable the feature?

Order slicing is a feature that allows you to trade large orders without affecting the market price or placing multiple orders manually. It automatically splits your orders into smaller chunks based on the freeze quantity of the instrument you are trading.

For instance, if you want to buy 1500 quantities of Nifty Bank Futures, which has a freeze quantity of 900, order slicing will divide your order into two parts: 900 and 600. This way, your order can be executed faster and more efficiently, without having to place multiple orders and avoid impact cost.

To use order slicing feature on FYERS platform, follow these steps:

  • Log in to the FYERS platforms and select the instrument you want to trade and enter the quantity you want to buy or sell.

  • You don’t need to select any option for order slicing, as it happens automatically for orders that exceed the freeze quantity of the instrument.

  • You will see a message, "Order Slicing: XX qty is allowed per order, X Buy/Sell orders will be placed". Confirm your order details and click on 'Buy/Sell

  • You can track the status of your sliced orders in the 'Order Book' tab.

Checkout the below image for your reference:

: This feature is currently available only on FYERS Web 1.5 and FYERS EA.
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