{"id":5566,"date":"2025-07-05T04:52:42","date_gmt":"2025-07-05T04:52:42","guid":{"rendered":"https:\/\/www.paytmmoney.com\/blog\/?p=5566"},"modified":"2025-09-13T05:22:48","modified_gmt":"2025-09-13T05:22:48","slug":"introducing-the-all-new-order-pad-smarter-faster-mtf-ready","status":"publish","type":"post","link":"https:\/\/www.paytmmoney.com\/blog\/introducing-the-all-new-order-pad-smarter-faster-mtf-ready\/","title":{"rendered":"Introducing the All-New Order Pad: Smarter, Faster &#038; MTF-Ready"},"content":{"rendered":"<p>Your trading experience just leveled up!<br \/>\nWe\u2019re excited to launch the <strong>new and improved Order Pad<\/strong> \u2014 redesigned for maximum speed, precision, and <strong>flexibility<\/strong>. Whether you&#8217;re a long-term investor or an active trader, this upgrade brings powerful tools right to your fingertips.<\/p>\n<p>And if you&#8217;re using or curious about <strong>Pay Later (MTF)<\/strong> \u2014 this is the game-changer you&#8217;ve been waiting for.<\/p>\n<h2><strong>What\u2019s New? A Quick Look<\/strong><\/h2>\n<h3><strong>1. Instant Segment Switch<\/strong><\/h3>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5573 size-full\" src=\"https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2025\/07\/02-1.png\" alt=\"\" width=\"800\" height=\"1341\" srcset=\"https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2025\/07\/02-1.png 800w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2025\/07\/02-1-179x300.png 179w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2025\/07\/02-1-611x1024.png 611w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2025\/07\/02-1-768x1287.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p>Choose between <strong>Delivery<\/strong>, <strong>Intraday<\/strong>, or <strong>MTF (Pay Later)<\/strong> with a single tap. No clutter. No confusion.<\/p>\n<h3><strong>2. MTF (Pay Later): Buy More with Less<\/strong><\/h3>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5572 size-full\" src=\"https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2025\/07\/01-1.png\" alt=\"\" width=\"800\" height=\"1341\" srcset=\"https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2025\/07\/01-1.png 800w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2025\/07\/01-1-179x300.png 179w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2025\/07\/01-1-611x1024.png 611w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2025\/07\/01-1-768x1287.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p>No need to pay the full amount right away \u2014 place your trade with less money using MTF (Pay Later). MTF lets you:<\/p>\n<p>\u2705 Buy stocks today by paying only a part of the amount<br \/>\n\u2705 Carry positions beyond one day<br \/>\n\u2705 Amplify returns with available margin<\/p>\n<p>\ud83d\udca1 Example:<br \/>\nWant to buy <strong>Reliance<\/strong> at \u20b91,467?<\/p>\n<ul>\n<li><strong>Delivery:<\/strong> \u20b91,467 required<\/li>\n<li><strong>MTF (Pay Later):<\/strong> Only \u20b9587 needed!<\/li>\n<\/ul>\n<p>It\u2019s shown right there on the Order Pad \u2014 <strong>side-by-side<\/strong> for clarity. No hidden conditions.<\/p>\n<h3><strong>3. Clear Breakdown of Costs<\/strong><\/h3>\n<p>You now see:<\/p>\n<ul>\n<li>Exact amount required<\/li>\n<li>Available balance<\/li>\n<li><strong>\u201c+ Charges\u201d breakdown<\/strong> with just a tap<\/li>\n<\/ul>\n<p>No last-minute surprises. You\u2019re in control.<\/p>\n<h3><strong>4. Built-in Market Depth<\/strong><\/h3>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5571 size-full\" src=\"https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2025\/07\/3-6.png\" alt=\"\" width=\"800\" height=\"1341\" srcset=\"https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2025\/07\/3-6.png 800w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2025\/07\/3-6-179x300.png 179w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2025\/07\/3-6-611x1024.png 611w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2025\/07\/3-6-768x1287.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p>Check the live order book and auto-select the best bid\/ask with a single tap. Depth is just one click away.<\/p>\n<h3><strong>5. Smart Alerts for Market Status<\/strong><\/h3>\n<p>If markets are closed, the app tells you clearly:<\/p>\n<p style=\"text-align: left;\">\u201cMarket is currently closed. Your order will be sent once the market opens.\u201d<\/p>\n<p>Saves time. Avoids confusion.<\/p>\n<h2><strong>Why This Redesign Matters?<\/strong><\/h2>\n<h3><strong>\u2705 For Everyone:<\/strong><\/h3>\n<ul>\n<li>Faster trade placement<\/li>\n<li>Less input, more clarity<\/li>\n<li>Confidence in margin visibility<\/li>\n<\/ul>\n<h3><strong>\ud83d\udcb0 For MTF Users:<\/strong><\/h3>\n<ul>\n<li>Always know your required margin<\/li>\n<li>Compare side-by-side with Delivery and Intraday<\/li>\n<li>Maximize buying power without overextending capital<\/li>\n<\/ul>\n<h3><strong>\ud83d\udcc9 For Active Traders:<\/strong><\/h3>\n<ul>\n<li>Avoid rejections due to insufficient balance<\/li>\n<li>Pre-filled controls reduce entry mistakes<\/li>\n<li>Custom price setting gives full flexibility<\/li>\n<\/ul>\n<h2><strong>\ud83d\udee0 Behind the Product<\/strong><\/h2>\n<p>While the redesigned Order Pad focuses on speed, clarity, and user-first design \u2014 a significant amount of backend engineering and infrastructure readiness made this possible. Here&#8217;s a behind-the-scenes look at the IT efforts that powered the upgrade:<\/p>\n<h3><strong>\ud83d\udd04 1. Dynamic Product Type Switching<\/strong><\/h3>\n<ul>\n<li>Built a <strong>real-time API orchestration layer<\/strong> to enable seamless toggling between Intraday, Delivery, and MTF modes.<\/li>\n<li>Ensured <strong>instant recalculation of margins, charges, and validations<\/strong> without requiring additional user input.<\/li>\n<\/ul>\n<h3><strong>\ud83d\udcca 2. Real-Time MTF Eligibility &amp; Margin Simulation<\/strong><\/h3>\n<ul>\n<li>Integrated deeply with our <strong>margin engine<\/strong> to fetch MTF eligibility and available limits dynamically.<\/li>\n<li>Supported <strong>side-by-side margin display logic<\/strong> with fallback for edge cases (e.g., illiquid or MTF-ineligible stocks).<\/li>\n<\/ul>\n<h3><strong>\ud83d\udcb0 3. Charges Breakdown Engine<\/strong><\/h3>\n<ul>\n<li>Built a <strong>modular charges service<\/strong> to fetch live data for brokerage, exchange fees, and statutory charges.<\/li>\n<li>Implemented <strong>smart caching<\/strong> and fallback to ensure zero latency even during peak hours.<\/li>\n<\/ul>\n<h3><strong>\ud83d\udcc9 4. Market Depth Integration<\/strong><\/h3>\n<ul>\n<li>Created an <strong>exchange-synced market depth module<\/strong> that auto-refreshes order book data in real time.<\/li>\n<li>Enabled <strong>auto-selection logic<\/strong> to choose optimal bid\/ask rates \u2014 reducing execution lag.<\/li>\n<\/ul>\n<h3>\ud83d\udd52 5. Market Status &amp; AMO Handling<\/h3>\n<ul>\n<li>Developed a <strong>centralized market schedule validation service<\/strong> to handle closed market messages, AMO slots, and expiry day rules.<\/li>\n<li>Prevented invalid AMO placement for expired contracts \u2014 particularly on expiry days post 3:30 PM.<\/li>\n<\/ul>\n<h3><strong>\ud83e\udde0 6. Unified Validation &amp; Rejection Messaging<\/strong><\/h3>\n<ul>\n<li>Engineered a single-source validation engine to map backend error codes to user-friendly messages.<\/li>\n<li>Ensured that rejection reasons like &#8220;Insufficient balance&#8221; or &#8220;Price out of range&#8221; are shown clearly and consistently across platforms.<\/li>\n<\/ul>\n<h3><strong>\u2699\ufe0f 7. Performance &amp; Scalability<\/strong><\/h3>\n<ul>\n<li>Refactored Order Pad services using <strong>microservice architecture<\/strong> for better load distribution.<\/li>\n<li>Benchmarked under load to ensure <strong>&lt;200ms latency<\/strong> even with 10x user traffic.<\/li>\n<\/ul>\n<h2><strong>\ud83d\ude80 Final Note from Engineering<\/strong><\/h2>\n<p>This Order Pad revamp reflects the close collaboration between Product, Engineering, Design, QA, and Infra teams. It&#8217;s not just a UI refresh \u2014 it\u2019s a foundational upgrade engineered to scale, support MTF growth, and minimize friction in order execution.<\/p>\n<p>The backend is now <strong>robust, modular, and analytics-ready<\/strong> \u2014 laying the groundwork for upcoming features like Bracket Orders, Smart Basket Orders, and Predictive Margin Warnings.<\/p>\n<h2><strong>Frequently Asked Questions:<\/strong><\/h2>\n<h3><strong>\ud83d\udd39 Q1: What is MTF or Pay Later?<\/strong><\/h3>\n<p>MTF (Margin Trading Facility) lets you buy stocks with part capital and pay the rest later. Think of it as trading on leverage \u2014 responsibly.<\/p>\n<h3><strong>\ud83d\udd39 Q2:<\/strong> What\u2019s the difference between Delivery, Intraday, and MTF?<\/h3>\n<p><strong>Delivery:<\/strong> You buy shares and hold them in your demat account.<\/p>\n<p><strong>Intraday:<\/strong> 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.<\/p>\n<p><strong>MTF (Pay Later):<\/strong> You buy with part capital and carry the position overnight or longer using margin funding.<\/p>\n<h3><strong>\ud83d\udd39 Q3: Why do I see different \u201cRequired Amounts\u201d for the same stock?<\/strong><\/h3>\n<p>The amount depends on the product selected:<\/p>\n<p><strong>Intraday =<\/strong> Lower margin required (as you sell by day end)<\/p>\n<p><strong>Delivery =<\/strong> Full order value needed<\/p>\n<p><strong>MTF =<\/strong> You only pay a portion today; the rest is funded<\/p>\n<p>This side-by-side visibility helps you compare before placing the order.<\/p>\n<h3><strong>\ud83d\udd39 Q4: What does \u201c+ Charges\u201d mean under the required amount?<\/strong><\/h3>\n<p>It refers to <strong>brokerage + exchange + statutory charges<\/strong> like STT, SEBI fees, etc.<br \/>\nTap on <strong>\u201cCharges\u201d<\/strong> to see a transparent breakup <strong>before you place the order<\/strong>.<\/p>\n<h3><strong>\ud83d\udd39 Q5: What is the purpose of the \u201cDepth\u201d link next to Limit Price?<\/strong><\/h3>\n<p>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:<\/p>\n<ul>\n<li>Choose the best available price<\/li>\n<li>Adjust your order more intelligently<\/li>\n<li>Improve chances of execution<\/li>\n<\/ul>\n<p>Tapping \u201cDepth\u201d shows the order book and lets you auto-select prices with a single tap.<\/p>\n<h3><strong>\ud83d\udd39 Q6: What\u2019s the benefit of placing a Stop Loss, Cover Order, or Bracket Order?<\/strong><\/h3>\n<p>Each order type gives you better control:<\/p>\n<p><strong>Stop Loss:<\/strong> Auto-sells if the price moves against you<\/p>\n<p><strong>Cover Order:<\/strong> Combines a market order with a compulsory stop loss \u2014 useful for intraday traders<\/p>\n<p><strong>Bracket Order:<\/strong> Coming soon..<\/p>\n<h3><strong>\ud83d\udd39 Q7: How do I know if my trade was placed or rejected?<\/strong><\/h3>\n<p>Once you swipe to buy\/sell:<\/p>\n<ul>\n<li>You\u2019ll see <strong>confirmation or rejection<\/strong> instantly<\/li>\n<li>If rejected, the <strong>reason is shown clearly<\/strong><\/li>\n<li>For example: \u201cInsufficient balance\u201d or \u201cPrice not in allowed range\u201d<\/li>\n<\/ul>\n<h3><strong>\ud83d\udd39 Q8: Can I switch between order types mid-way?<\/strong><\/h3>\n<p>Yes. You can toggle between:<\/p>\n<ul>\n<li>Regular \/ Stop Loss \/ Cover \/ Bracket<\/li>\n<li>Delivery \/ Intraday \/ MTF<\/li>\n<\/ul>\n<p>Your values and symbols remain intact \u2014 the order pad adjusts margins and requirements accordingly.<\/p>\n<h2><strong>\ud83d\udce2 Final Word<\/strong><\/h2>\n<p>This new Order Pad isn\u2019t just prettier \u2014 it\u2019s built to <strong>empower smart trading:<\/strong><\/p>\n<ul>\n<li>More visibility<\/li>\n<li>Faster execution<\/li>\n<li>MTF-friendly by design<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Your trading experience just leveled up! We\u2019re excited to launch the new and improved Order Pad \u2014 redesigned for maximum speed, precision, and flexibility. Whether you&#8217;re a long-term investor or an active trader, this upgrade brings powerful tools right to your fingertips. And if you&#8217;re using or curious about Pay Later (MTF) \u2014 this is<a href=\"https:\/\/www.paytmmoney.com\/blog\/introducing-the-all-new-order-pad-smarter-faster-mtf-ready\/\">Continue reading <span class=\"sr-only\">&#8220;Introducing the All-New Order Pad: Smarter, Faster &#038; MTF-Ready&#8221;<\/span><\/a><\/p>\n","protected":false},"author":27,"featured_media":5570,"comment_status":"open","ping_status":"open","sticky":false,"template":"single-classic-ns.php","format":"standard","meta":{"footnotes":""},"categories":[8,14],"tags":[],"class_list":["post-5566","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-announcements","category-product-updates"],"_links":{"self":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts\/5566","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/comments?post=5566"}],"version-history":[{"count":0,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts\/5566\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/media\/5570"}],"wp:attachment":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/media?parent=5566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/categories?post=5566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/tags?post=5566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}