Dear valued customers,
A new Fill-or-kill feature is now available in spot token trading. It is designed to prevent execution errors which may lead to unnecessary loss when placing orders.
Should an order would be filled, regardless its filled quantity, at the price of ±10% from best bid & offer by the time it executed in the orderbook, the said order would be entirely cancelled. Otherwise, the order would be executed and matched normally.
E.g. A user placed a market order to buy 100BTC 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 of the calculation (0.0002-0.00012)/0.00012=66.7%>10%), the potential filled price would be deviated >30% from the current best offer. Therefore, the system would cancel the mentioned market order entirely.
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