Introducing the All-New Order Pad: Smarter, Faster & MTF-Ready5 min read
Your trading experience just leveled up!
We’re excited to launch the new and improved Order Pad — redesigned for maximum speed, precision, and flexibility. Whether you’re a long-term investor or an active trader, this upgrade brings powerful tools right to your fingertips.
And if you’re using or curious about Pay Later (MTF) — this is the game-changer you’ve been waiting for.
What’s New? A Quick Look
1. Instant Segment Switch
Choose between Delivery, Intraday, or MTF (Pay Later) with a single tap. No clutter. No confusion.
2. MTF (Pay Later): Buy More with Less
No need to pay the full amount right away — place your trade with less money using MTF (Pay Later). MTF lets you:
✅ Buy stocks today by paying only a part of the amount
✅ Carry positions beyond one day
✅ Amplify returns with available margin
💡 Example:
Want to buy Reliance at ₹1,467?
- Delivery: ₹1,467 required
- MTF (Pay Later): Only ₹587 needed!
It’s shown right there on the Order Pad — side-by-side for clarity. No hidden conditions.
3. Clear Breakdown of Costs
You now see:
- Exact amount required
- Available balance
- “+ Charges” breakdown with just a tap
No last-minute surprises. You’re in control.
4. Built-in Market Depth
Check the live order book and auto-select the best bid/ask with a single tap. Depth is just one click away.
5. Smart Alerts for Market Status
If markets are closed, the app tells you clearly:
“Market is currently closed. Your order will be sent once the market opens.”
Saves time. Avoids confusion.
Why This Redesign Matters?
✅ For Everyone:
- Faster trade placement
- Less input, more clarity
- Confidence in margin visibility
💰 For MTF Users:
- Always know your required margin
- Compare side-by-side with Delivery and Intraday
- Maximize buying power without overextending capital
📉 For Active Traders:
- Avoid rejections due to insufficient balance
- Pre-filled controls reduce entry mistakes
- Custom price setting gives full flexibility
🛠 Behind the Product
While the redesigned Order Pad focuses on speed, clarity, and user-first design — a significant amount of backend engineering and infrastructure readiness made this possible. Here’s a behind-the-scenes look at the IT efforts that powered the upgrade:
🔄 1. Dynamic Product Type Switching
- Built a real-time API orchestration layer to enable seamless toggling between Intraday, Delivery, and MTF modes.
- Ensured instant recalculation of margins, charges, and validations without requiring additional user input.
📊 2. Real-Time MTF Eligibility & Margin Simulation
- Integrated deeply with our margin engine to fetch MTF eligibility and available limits dynamically.
- Supported side-by-side margin display logic with fallback for edge cases (e.g., illiquid or MTF-ineligible stocks).
💰 3. Charges Breakdown Engine
- Built a modular charges service to fetch live data for brokerage, exchange fees, and statutory charges.
- Implemented smart caching and fallback to ensure zero latency even during peak hours.
📉 4. Market Depth Integration
- Created an exchange-synced market depth module that auto-refreshes order book data in real time.
- Enabled auto-selection logic to choose optimal bid/ask rates — reducing execution lag.
🕒 5. Market Status & AMO Handling
- Developed a centralized market schedule validation service to handle closed market messages, AMO slots, and expiry day rules.
- Prevented invalid AMO placement for expired contracts — particularly on expiry days post 3:30 PM.
🧠 6. Unified Validation & Rejection Messaging
- Engineered a single-source validation engine to map backend error codes to user-friendly messages.
- Ensured that rejection reasons like “Insufficient balance” or “Price out of range” are shown clearly and consistently across platforms.
⚙️ 7. Performance & Scalability
- Refactored Order Pad services using microservice architecture for better load distribution.
- Benchmarked under load to ensure <200ms latency even with 10x user traffic.
🚀 Final Note from Engineering
This Order Pad revamp reflects the close collaboration between Product, Engineering, Design, QA, and Infra teams. It’s not just a UI refresh — it’s a foundational upgrade engineered to scale, support MTF growth, and minimize friction in order execution.
The backend is now robust, modular, and analytics-ready — laying the groundwork for upcoming features like Bracket Orders, Smart Basket Orders, and Predictive Margin Warnings.
Frequently Asked Questions:
🔹 Q1: What is MTF or Pay Later?
MTF (Margin Trading Facility) lets you buy stocks with part capital and pay the rest later. Think of it as trading on leverage — responsibly.
🔹 Q2: What’s the difference between Delivery, Intraday, and MTF?
Delivery: You buy shares and hold them in your demat account.
Intraday: You buy and sell on the same day. Lower margin required, but you must square off before 3:15 PM, else the system will square off between 3:15 to 3:30 pm, as per configured timings.
MTF (Pay Later): You buy with part capital and carry the position overnight or longer using margin funding.
🔹 Q3: Why do I see different “Required Amounts” for the same stock?
The amount depends on the product selected:
Intraday = Lower margin required (as you sell by day end)
Delivery = Full order value needed
MTF = You only pay a portion today; the rest is funded
This side-by-side visibility helps you compare before placing the order.
🔹 Q4: What does “+ Charges” mean under the required amount?
It refers to brokerage + exchange + statutory charges like STT, SEBI fees, etc.
Tap on “Charges” to see a transparent breakup before you place the order.
🔹 Q5: What is the purpose of the “Depth” link next to Limit Price?
Market Depth provides live information of the top 5 buy and sell prices, along with the number of orders at each level and makes it simpler for the user to:
- Choose the best available price
- Adjust your order more intelligently
- Improve chances of execution
Tapping “Depth” shows the order book and lets you auto-select prices with a single tap.
🔹 Q6: What’s the benefit of placing a Stop Loss, Cover Order, or Bracket Order?
Each order type gives you better control:
Stop Loss: Auto-sells if the price moves against you
Cover Order: Combines a market order with a compulsory stop loss — useful for intraday traders
Bracket Order: Coming soon..
🔹 Q7: How do I know if my trade was placed or rejected?
Once you swipe to buy/sell:
- You’ll see confirmation or rejection instantly
- If rejected, the reason is shown clearly
- For example: “Insufficient balance” or “Price not in allowed range”
🔹 Q8: Can I switch between order types mid-way?
Yes. You can toggle between:
- Regular / Stop Loss / Cover / Bracket
- Delivery / Intraday / MTF
Your values and symbols remain intact — the order pad adjusts margins and requirements accordingly.
📢 Final Word
This new Order Pad isn’t just prettier — it’s built to empower smart trading:
- More visibility
- Faster execution
- MTF-friendly by design
