Order Slicing allows you to place large F&O orders beyond exchange freeze limits in a single tap. Stock exchanges (NSE and BSE) set a freeze quantity on every trade, which is the maximum size allowed per individual order. Normally, exceeding this limit requires manually placing multiple trades, risking price slippage. Order Slicing solves this by automatically splitting your large trades exceeding exchange freeze quantity limits into smaller, compliant portions. 

Breaking a large order into smaller slices can help you manage your market impact and the risk of price slippage, giving you better control over execution. 

How does order slicing work on ArihantPlus? 

Let's understand this with an example. Suppose you want to buy 4,000 quantities of Nifty Futures (80 lots) and the applicable freeze limit is 1,800 (36 lots) per order.  

In the past, you would have to place 3 separate orders to place this trade to comply with freeze restrictions: 

• Order 1: 1800 qty 
• Order 2: 1800 qty 
• Order 3: 400 qty 

But with order slicing, instead of manually placing three orders, you simply enter 4,000 as your total quantity. ArihantPlus will automatically split it into three exchange-compliant orders and execute them instantly. 

What happens after my order is placed? 

Once your sliced order is placed, each slice becomes an independent order. You can track every slice under My Orders, where each will have its own status, such as pending, executed or rejected. 

There is no additional charge for using the Order Slicing feature itself. However, because every slice is treated as a separate order, brokerage is charged separately on each executed slice according to your regular brokerage plan. For example, if five slices are executed, brokerage will apply to all five individual orders. 

The biggest advantage is convenience, better control over large-order execution and reducing risk of slippage. You don’t have to calculate freeze quantities or place multiple orders manually, which saves time and simplifies the process.  

You can learn more about Order Slicing here. 

Key Features of Order Slicing 

• Maximum qty allowed: An order can be split into up to 20 slices (e.g., you can buy up to 36,000 Nifty Futures in one go, assuming an 1,800 freeze limit). The exact maximum qty you can buy will depend on the lot size of each contract. 

• Automatic Activation: The best part is there’s no setup required. Order Slicing activates automatically whenever your quantity exceeds the freeze limit, displaying an "Order Slicing Activated" prompt on the order pad. 

• Sliced Order Details: If you want to know how many prices and qty in each slice will be executed, you can tap the (i) info icon on the order pad or review screen to see the freeze limit and total slices created. 

• Supported Segments: Available for Futures & Options contracts (both buy and sell) on both mobile and web platforms. Order slicing is not available for AMO, pre-open, or post-market sessions. 

• Modifications & Cancellations: Once submitted, each slice operates as an independent order. To modify or cancel, you must update each slice individually from the My Order under Trades. 

• Brokerage Charges: The feature itself is free. However, since each slice is executed as an individual order, regular brokerage fees apply per executed slice. 

To sum up 

Order slicing is a very smart tool for large traders who want to trade in quantities beyond exchange freeze limits. It saves you the trouble of calculating freeze limits and manually placing several orders. You enter the total quantity once, and ArihantPlus handles the splitting for you. This makes large F&O orders quicker and simpler to place while also helping you manage execution and potential price slippage more effectively.