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Benefits

ICICI direct

Automated execution of large orders

ICICI direct

Simultaneous automated checks on multiple market conditions

ICICI direct

Balances market impact with risks of executing large orders in one go

ICICI direct

Reduces psychological and human errors

ICICI direct

Speed of execution

ICICI direct

Orders are precisely timed to hit the market

ICICI direct

No lag between the execution price and the specified price

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Testimonials

Sukumar Biswas

I was new to Commodity derivatives. But when I came across ICICIDirect I got lot of learning content like videos, podcast, articles etc. It has really helped me. I feel confident trading in commodities, thanks to ICICIdirect.

Sukumar Biswas

I am quite impressed of many user friendly features of ICICI Direct Commodity trading portal. As Commodity trading runs till late night and we are not on our computer desk all the time, as per convenience it's very easy and seamless to switch from ICICIdirect website to ICICI mobile app and vice versa for trading. The research segment is also very good and I get in-depth analysis which is quite impressive and informative.

Megha Dutta

I am happy to trade with ICICIdirect in Currency segment. I believe it's best DO IT YOURSELF (DIY) platform with power packed research and online support at very low brokerage.

Megha Dutta

I am happy to trade with ICICIdirect in Currency segment. I believe it's best DO IT YOURSELF (DIY) platform with power packed research and online support at very low brokerage.

FAQs

Executing orders using automated programed set of instructions with various parameters like time, price, volume etc. or combinations of these. In short, Execution Algos are nothing but automated order placement, using systems with predefined strategies. Currently these algorithms are available for trading in NSE by placing IOC orders.

Execution Algos enable leverage of computing resources, speed, accuracy to benefit the user. They help in increasing the consistency for the user and removes the emotions involved in trading. It makes trading more user friendly and eventually helps ICICIdirect clients.

All the customers of ICICIdirect having a trading account with ICICI Securities can trade using the available Algorithms. The customers need to download the new ICICIdirect Markets app to use these Algorithm techniques.

A customer needs to download the new ICICIdirect Markets App to start trading using Execution Algos. After you sign-in on Markets app, under Tools tab, click on Execution Algos. In this tab, click on "+" icon given just above the Bottom Navigation Bar. It will enable the customer to add new Execution Algo.

Execution Algos can be placed using the new ICICIdirect Markets app in segment of Equity Cash and Derivatives- Futures & Options.

There is no additional charge for using these Algos. Existing brokerage and statutory charges will be levied as applicable for products.

Each leg or slice is a separate order; hence the brokerage will be charged separately for each one of them.

Yes, there is a “Stop All” button to stop all the running and awaiting algorithms placed. The Stop All icon (Red) on the Strategy Status screens will enable the customer to stop all the Running and Awaiting strategies at once and move them to Finished Tab.

Yes, a customer can pause, stop and resume the Algo placed.

The Pause button will enable the Customer to pause the Running and Awaiting strategies. The strategy will get mapped to Awaiting state till further action is taken by the customer.

The Stop button will enable the Customer to stop the Running or Active strategy and move it to Finished Tab.

The Resume button will allow the Customer to continue the execution of Paused Algorithm from where it was.

The Clone button will enable the Customer to create new Algorithm with existing parameters that is the scrip, total quantity, slice quantity and time interval of the Algo mapped under finished state. Also, one can modify these parameters if required and start the Algorithm accordingly.

Based on the current status of the Algorithm, they are mapped to one of the strategies listing tab. The descriptions are as follows:

  • Awaited Tab

    This will list all the Trading strategies in ‘Pause’ OR ‘Start’ state

    Start – Strategy where start time is yet to reach

    Pause – Strategy which started execution, however manually stopped in between

  • Running Tab

    This will list all the Trading strategies where execution has started and status is Active.

  • Finished Tab

    This will list all the Trading strategies in ‘Completed’ or ‘Stopped’ state

    Completed – Execution is completed and all the slice orders are sent for execution

    Stopped – Execution is stopped in between by manual intervention

All the Execution Algos completed will appear under ‘Finished’ state in the App. On clicking the completed Algorithm, the pop up will appear with details of the order which includes Algo Name, Scrip Name, Exchange order no., Order price, Qty etc.

For more detailed summary, user can click on Algo log of the strategy. It can be seen all the algos irrespective of its state.

Also, orders placed can be seen in the Orders Tab of the ICICIdirect Markets App which have two pages of Pending and Executed orders.

Yes, ICICI Securities Limited can stop the running Algorithm in case anything goes wrong either from customer’s end or due to system failure. If customer faces any technical issue, then they can connect to customer service and ask to stop the active Algos. On the other hand, if there is mechanical failures from our or exchange’s end, then ICICI Securities will stop all the active execution Algos.

Yes, ICICI Securities Limited can pause the active Execution Algos if customer faces any technical issue and raises a query to customer service. Moreover, customer can resume the paused Algo from his end as per his convenience.

When order is triggered & market order is placed, the order will get executed at the best bid/offer available at the exchange. If the quantity of the existing bids/offers isn't enough to match your order quantity, then the remaining unexecuted quantity will be matched against the next best bid/offer. Hence it guarantees execution but doesn't determine the price of execution.

Disclaimer:

ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. ( Member Code : 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The client shall not have any claim against I-Sec and/or its employees on account of any suspension, interruption, non-availability or malfunctioning of I-Sec system or service or non-execution of algo orders due to any link/system failure for any reason beyond I-Sec control. I-Sec reserves the right to pause, stop or call back any of the execution algos in case of any technical or mechanical exigency.