Dear valued customers,
To prevent execution errors which may lead to unnecessary loss when placing orders. The following price limit rules are added.
1. FOK(Fill-or-kill) price limit:
If the user's market order/limit order placed in spot trading can be directly filled with the order on the order book, the system will determine whether the deviation of the price corresponding to the transaction depth is equal to or greater than 5%. If the deviation is equal to or greater than 5%, the order will be canceled by the system immediately. Otherwise, the order will be matched normally.
E.g. A user placed a market order to buy 100 BTC in XRP/BTC. The best offer price at that time is 0.00012. If the order does entirely execute in the market, the market price would be driven up to 0.0002. Based on the calculation (0.0002-0.00012)/0.00012=66.7%>5%), the potential filled price would be deviated >30% from the current best offer. Therefore, the system would cancel the mentioned market order entirely.
2. Price limit for market order:
Value of single market price order cannot exceed 100,000 USDT.
Risk Warning: Trading digital assets involves significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.
Thank you for your continued support and we assure you of our best services at all times.
25 Jan, 2018