How to place a split order ?

To place Split Order for Single Leg Order, follow these steps:

Login to Flip Mobile App.
Locate the More Icon and click on it to navigate to the More page.
Click on Settings to get redirected to the "Settings" page.
In the "Settings" page locate and select "Default Order Settings".
Now click on the "Futures" tab to activate the "Split Order for Futures".
Within the "Futures" tab, enable the "Advanced Preset" toggle to access "Advanced Settings" Option.
Then, click the Checkbox near "Allow Split Order".
A Tick Mark will appear, indicating that Split Order feature for Futures Contract is now activated.
Repeat the same for the "Options" by going to the Options tab for activating Split Order feature for Options Contract.
Confirm and Save the "Settings" before you return to the "Watchlist".

Please Note : The Split Order is not enabled by default, as this feature may not be utilized by all traders.

From Watchlist select the Futures or Options (Nifty, Bank Nifty, Sensex) contract for which you would like to place the order.
Click "Buy" to proceed with placing the Order.
Once you are on the Order Window, choose the "Order Type".
Next enter the "Quantity". For example enter 100 quantities.
Leave the "Product Type" and "Time Condition" as it is.
Now, click the "Review Order" Button at the bottom of the page.
You will be redirected to the Order Confirmation window, where you can see all the Order details including the Order Split.
Here, you can see that Order one and two are for 36 lots each and Order three is for 28 lots, making the total of 100 lots.
However, the "Place Order" Button will not be activated now. To activate the button you need to Check the Checkbox near Split Order.
Once the "Place Order" Button is active, click on it to send the order to the exchange.
Along with the "Place Order" Button, you can find "Edit" Button. Click on it if you wish to make any changes in the Order.

Please Note: Due to liquidity issues, currently, Split Order is only available for Nifty, Bank Nifty and Sensex contracts.

To place Split Order for Multi-Leg Order, follow these steps:

Here, let's see how to place 100-lot Ironfly Order

Go to Watchlist page and choose the desired "Futures or Options (Nifty, Bank Nifty, Sensex) contract".
You will be redirected to the "Security Page".
Locate and Click the "Option Chain" Button on the top of the page and select the desired "Expiry".
Once the Option Chain opens, click the "Bid Price" for both the "Call" and "Put" options to create a Straddle.
After that click on the "Ask Price" to buy the protection wings, which must be 200 points away to complete the Ironfly Strategy.
You may notice that lot size is already displayed as 100, as it has been set as the default lot size.
However, when you open the order, the default order lot size provided by the platform will be 1.
To Review and Modify the Price and Quantity, use the Expand Icon.
Then click the "Review" Button and you will get redirected to the Order Confirmation page.
Here, each of your leg will be split into three orders.
Check the order details again and click the Checkbox next to the Split Order to activate the "Place Order" Button.
Click the "Place Order" Button to send the order to the exchange.

Please Note: Before clicking the Place Order button you have the option to Edit the Order by clicking the Edit Order button.

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