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    Order Slicing

    How does it work in practice?

    Order slicing is designed to automatically split a large order into multiple smaller orders. The system can generate multiple orders of 10-20 slices for a large order as per internal defined by ICICI Securities.

    For example, if the exchange maximum limit for a commodity is 36 lots and you place an order for 100 lots, the system will automatically create and place three separate orders: two for 36 lots each, and one for the remaining 28 lots (odd lots).

    What is order slicing? Do I need to activate order slicing for commodities? Does it work for square off of large positions? Are there extra charges for sliced orders? How is brokerage calculated and applied for Order slicing? Can I modify or cancel sliced orders? Is order slicing available for all order types? Can I Place a Market order while using Order slicing feature? What happens if I place a Limit order?