Zerodha, India's largest stock brokerage firm, has rolled out several improvements to its trading platform, Kite. CEO Nithin Kamath recently announced these updates, emphasizing their goal of making order placement more efficient and user-friendly. These new features aim to streamline trading, enhance visibility, and reduce execution time, ultimately benefiting retail and professional traders alike.
Here’s a breakdown of the key changes:
1. Order Slicing for Large Trades
- Why it matters: Large traders often face exchange-imposed quantity limits per order. Manually splitting orders is time-consuming and prone to errors.
- New feature: Kite now automatically breaks large orders into multiple smaller slices.
- Example: Nifty orders can now be split into up to 20 slices, each containing 1,800 quantities, allowing trades of up to 36,000 quantities.
Who benefits? High-volume traders, institutions, and active intraday traders.
2. Available Margin Display in the Order Window
- Problem solved: Earlier, traders had to check available funds in a separate section.
- New feature: The available margin is now displayed directly within the order placement window.
- Benefit: Reduces the need for extra clicks, enabling faster decision-making.
Who benefits? All traders, especially those placing multiple trades quickly.
3. Improved Market Depth Access
- What’s new?: Real-time market depth (top five bid and ask prices) is now accessible within the order window.
- Why it’s useful?: Traders can analyze liquidity and price movement instantly, without navigating away from the screen.
- Impact: Faster, more informed trade execution.
Who benefits? Day traders, scalpers, and options traders.
4. Remember Last Entered F&O Quantity
- Problem solved: Previously, users had to enter F&O trade quantities manually each time.
- New feature: Kite now remembers the last entered quantity for a contract.
- Benefit: Saves time and minimizes the risk of entering incorrect trade sizes.
Who benefits? Frequent F&O traders and hedgers.
5. Market Protection Feature
- What it does: Sets a predefined price range to prevent orders from executing at extreme prices due to volatility.
- Why it’s important: Prevents unwanted slippage and protects traders from sudden price spikes or drops.
- Example: If a stock is trading at ₹100, the system ensures your market order doesn’t execute at ₹110 due to a momentary price jump.
Who benefits? Swing traders, options buyers, and those trading in volatile markets.
6. New Basket Icon for Order Management
- What’s new?: A dedicated "Basket" icon is now available for quick access to saved orders.
- Why it’s useful: Traders can now create, modify, and execute multiple orders in one go.
- Impact: Helps in executing complex strategies like hedging or multi-leg F&O trades efficiently.
Who benefits? Advanced traders using options spreads, basket trading, and strategy-based investing.
Conclusion
Zerodha's latest enhancements to Kite demonstrate its focus on improving user experience and trading efficiency. By simplifying order placement, enhancing visibility, and introducing protective measures, these updates cater to both casual investors and professional traders.
With these improvements, Kite continues to strengthen its position as India’s most trusted and efficient trading platform, helping traders execute their strategies with speed and confidence.
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Chirag Pandey
Chirag Pandey – Content & Prompt Writer
I am a skilled content writer with a knack for creating clear, engaging, and research-driven content. With expertise in data science and biotechnology, simplifies complex topics into compelling articles, blogs, news and story.A cricket enthusiast and strategic thinker and, Passionate about storytelling and SEO, I delivers content that informs and captivates readers.
