ICICI Direct Auto Order Slicing: Faster Execution for Large Trades

In commodity trading, speed often provides a decisive edge. After all, when prices shift within seconds, how fast you enter and exit positions can directly shape your returns.

However, when taking high-conviction positions, large orders often hit a “wall” – the Exchange’s maximum limit for a single order or value check defined by ICICI Securities.

This results in rejected trades, missed price signals, and the tedious task of manually splitting orders under time pressure.

ICICI Direct’s Auto Order Slicing feature eliminates this friction, enabling instant, seamless execution of large trades without manual intervention.

What is Auto Order Slicing?

Auto Order Slicing is an intelligent feature that automatically detects when your order exceeds the exchange’s maximum quantity or the value limits set by ICICI Securities.

Instead of rejecting or restricting the trade, it breaks the large order into smaller, compliant “slices” and executes them in sequence—without any manual effort on your part.

For example, if the per-order limit for Crude Oil Mini (CRUDMI) is 764 lots and you place an order for 1000 lots, the system will automatically split it into:

• 1 order of 764 lots
• 1 order of 236 lots

How to Use it on the ICICI Direct App

You don’t need to manually set up Auto Order Slicing. It is enabled by default and automatically activates when your order quantity exceeds the single-order limit. Here’s how you can see it in action:

1. Open your dashboard and click on Commodity.
2. Use the Search Bar to find your specific commodity contract.
3. Choose your position and click Buy or Sell.
4. Enter your lots; the system will automatically calculate and display the required slices if limits are exceeded.
5. Review the slicing details and Swipe to Buy/Sell to execute.
6. You will be automatically directed to the Order Acknowledgement Page.
7. Click Refresh to see all individual sliced orders appear in your order list.