From market depth to order slicing: Zerodha’s Nithin Kamath unveils 6 new features on Kite to simplify order placement

In a bid to simplify the order placement experience for users of Kite, Zerodha's flagship trading and investment platform, has unveiled six new features.

Zerodha founder and CEO Nithin Kamath took to the social media platform X to share details on some useful additions that Kite has made to its order window, including order slicing, available margin, basket icon and others.

New Features on Kite

These are some of the important updates on Kita by Zerodha:

1. Order slicing

The first feature that Kamath introduced was order slicing. “You can now easily place large orders without having to worry about exchange freeze limits,” the Zerodha CEO said.

A blog post linked to Kamath's post explained further that when you place an order that exceeds exchange limits, Kite automatically splits it into smaller parts.

For example, with large Nifty orders, the system can divide your order into up to 20 slices, with each slice containing 1,800 quantities. This allows you to handle up to 36,000 quantities without manual intervention, the blog post said.

2. Available margin

Through this feature, Kamath said you can instantly know your available funds on the Kite order window.

Earlier, to check available margin, you had to head to a separate window, adding another step to your trading process. “Now, Kite Web displays your available funds directly in the order window. You can now instantly see if you have enough margin before placing a trade, without having to switch between tabs,” the blog post read.

3. Market depth

Now easily access market depth on the order window itself, said Nithin Kamath on X.

Zerodha's blog post explained that previously, a user had to hover over a stock in the Marketwatch tab and then click for market depth. Now with the latest update, market depth information is just one click away in the order window.

4. Remember F&O quantity

“Kite remembers the quantity you entered for a contract and automatically fill it in when you open the order window next time,” said Kamath.

This feature will work across all contracts with the same underlying and is useful for those who frequently trade with the same quantity of F&O contracts.

5. Market Protection

Kamath explained that this feature makes your market orders safer, preventing them from executing at unexpected prices during volatile market conditions.

Regular market orders execute at the best available price, but in fast-moving markets, prices can shift quickly between when you place an order and when it executes. Market Protection solves this by setting a predefined range around the current market price, Zerodha said.

6. Basket icon

The new Basket icon lets you quickly build and execute multi-instrument orders from anywhere in the Kite platform with just a few clicks, said Kamath.

Now you can access the Basket icon from all pages on Kite web, allowing you to open a basket with a single click and Search & add instruments directly.

Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.