1.The following terms and conditions refer to the algorithmic trading tools (also known as “Algo”) that OKEX provides to its users. Customers are able to use these tools to set parameters prior to executing a trading strategy. These trading parameters are based on fixed logic programming. OKEX does not perform any manual intervention during the process of executing strategies.
2.When using the algorithmic trading tools, customers shall be deemed to have fully understood the potential risks. The user is solely responsible for the trading strategy he/she creates using these tools and unconditionally accepts the outcome.
3.Prior to using the algorithmic trading tools, customers should carefully read the instructions provided in order to fully understand the execution logic of each parameter. OKEX does not accept any responsibility due to incorrect parameter inputs or lack of understanding by the customer. Moreover, OKEX accepts no responsibility if the outcome of the customer's strategy differs from his/her expectations.
4.During extreme market conditions (including but not limited to price volatility), a customer's anticipated results may differ from the actual outcome. Customers should therefore fully understand the risks and be cognisant of potential volatility when setting the trading parameters. OKEX does not assume any responsibility if, due to extreme market conditions, the result of a trading strategy does not meet expectations.
5.Factors which are out of OKEX's control (including but not limited to network latency and computer system failure) may cause slow execution, suspension or cancelation of user's trading strategy. OKEX will endeavour to ensure its trade execution systems are stable at all times. Nevertheless, OKEX does not assume any responsibility if such events cause the result of a user's trading strategy to differ from the anticipated result.
6.The use of algorithmic trading tools may incur fees. OKEX will always announce its latest fee structure through the “Algo” webpage on the OKEX website. This webpage will always prevail as the most accurate source of fee information. When using the algorithmic trading tools, customers shall be deemed to have fully understood the fee structure and that the costs associated with a trading strategy will be deducted after the execution.
7.OKEX reserves the right to add, remove or make adjustments to the algorithmic trading tools at any time. Such changes shall be made known through an announcement.