Zerodha has announced major updates to its trading platform, Kite. These changes aim to improve the order-placing process and overall user experience. Nithin Kamath, Zerodha’s CEO and co-founder, shared the updates on his social media handle.
The new features include order slicing, easier access to available margin, market depth, and a feature to remember F&O quantity. Additionally, the platform introduces market protection and a new Basket icon. These updates are currently available on the Kite website. The company plans to roll them out on the Kite app soon.
Order Slicing Feature
The order slicing feature addresses the issue of exchange freeze quantity limits. It automatically splits large orders into smaller parts. This process happens without manual effort. Each sliced order is executed separately. However, brokerage charges apply to every sliced order individually.
This feature simplifies large trades. It reduces the hassle for users who deal with bulk orders. Traders no longer need to manually divide their orders, saving time and effort.
Access to Available Margin and Market Depth
The new updates also make checking available margin easier. Users can now see their funds directly in the order application. Earlier, they had to check funds separately on another section of the platform.
Similarly, accessing market depth has become more convenient. Users no longer need to hover over a stock to view this information. The new design integrates it into the order-placing process, offering better efficiency.
Auto-Fill for F&O Order Quantities
The updates include an auto-fill feature for F&O order quantities. Every time a user opens the order window, it remembers the previously entered quantity. This feature works across all index, stock, commodity, and currency F&O contracts.
The auto-fill option saves time for frequent traders. It eliminates the need to re-enter quantities for the same contracts repeatedly. This improvement caters to active traders who require a faster workflow.
Market Protection Feature
The market protection feature enhances safety for traders. It adds a layer of security to ensure trades happen within desired price limits. This minimizes the risk of executing orders at unfavorable prices.
Introduction of the Basket Icon
The new Basket icon simplifies order management. Users can now group multiple orders into baskets. This feature is especially helpful for those executing multiple trades simultaneously.
Baskets allow users to manage their trades more efficiently. It organizes orders and streamlines the trading process.
Future Plans
Zerodha plans to bring these features to the Kite mobile application soon. The updates are designed to make trading faster, easier, and more intuitive.
Conclusion
With these changes, Zerodha Kite continues to improve the trading experience. The updates cater to both beginner and advanced traders. They ensure smoother transactions, better accessibility, and improved efficiency. These features reflect Zerodha’s commitment to enhancing user satisfaction. Stay tuned for the latest technology updates and exciting features!
