Short answer

You can place multiple orders simultaneously using basket orders on Arrow. This feature allows you to save your baskets and reuse them anytime.

Arrow app

Tap on Orders.

Tap on Baskets.

Tap on + New basket.

Enter the name of the basket.

Tap on search and add the orders.

Swipe on Execute.

Arrow web

Log in to Arrow.

Click on Orders.

Click on Baskets.

Click on New basket.

Enter the name of the basket.

Search and add instruments.

Click on Execute.

You can also use the quick baskets feature on Arrow web to create and place multiple orders instantly from any page or section you navigate to.

Understanding margin requirements

Required margin displays the margin you need to place all orders in your basket.

Final margin displays the eventual margin that Arrow will block in your Arrow account after executing the orders.

You can delete, duplicate, or edit individual orders by hovering over them. You can also change the order sequence by dragging and dropping. The required margin will differ based on the sequence of individual orders, while the final margin remains the same.

For F&O strategies, place buy option orders before future or short/writing option orders. This approach executes your F&O strategy with the least margin requirement, as shown below:

The order sequence does not matter when you place an equity basket order or when you have adequate margins to place individual orders.

Select the Include existing positions option to include open positions that are not part of your basket and check margin requirements. However, this option may display a required margin of 0 even when you need margin to place the order. This happens because an order in your basket might reduce the overall margin while still requiring margin for placement. If this creates confusion, disable the option.

Executing basket orders

After you click the execute option on Basket, Arrow places orders in the same sequence as in your basket. Confirm the status of all individual orders within the basket or on the Arrow order book to verify whether they were placed, executed, or rejected once you execute the basket order.

Using the duplicate option for order limits

Arrow sets maximum limits per order when you trade stocks and F&O. If your orders exceed these limits, you must place them multiple times. Baskets simplify this process, especially with the duplicate order function.

Replacing rejected orders

If some orders in your basket are rejected, you can modify and manually execute them from the order window of the basket.

Things to keep in mind

You can include up to 20 orders in each basket and create a total of 50 baskets.

iRage doesn’t charge any additional fees for basket orders.