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OKEx to adjust spot / margin and contract trading tick sizes

BRAZILIEX

Related type: Others

2021-12-27 16:29

In order to boost market liquidity and improve trading experience, OKEx will be adjusting the tick sizes for various pairs in the spot / margin and contract trading markets between 6:00–7:00 am UTC on Dec. 31.   Note: If a pair is tradable in both spot and margin markets, the adjustment will be applicable to both. Specific adjustment details are as follows: Trading market Pairs Before After Spot BAND/USDT 0.0001 0.001 Spot CVC/USDT 0.00001 0.0001 Spot ENS/USDT 0.0001 0.001 Spot FTM/USDT 0.00001 0.0001 Spot GRT/USDT 0.00001 0.0001 Spot LPT/USDT 0.001 0.01 Spot LRC/USDT 0.00001 0.0001 Spot NEAR/USDT 0.0001 0.001 Spot OMG/USDT 0.0001 0.001 Spot QTUM/USDT 0.0001 0.001 Spot REN/USDT 0.00001 0.0001 Spot SAND/USDT 0.00001 0.0001 Spot SRM/USDT 0.0001 0.001 Perpetual swaps BANDUSDT 0.0001 0.001 Perpetual swaps CVCUSDT 0.00001 0.0001 Perpetual swaps FTMUSDT 0.00001 0.0001 Perpetual swaps GRTUSDT 0.00001 0.0001 Perpetual swaps GRTUSD 0.00001 0.0001 Perpetual swaps LPTUSDT 0.001 0.01 Perpetual swaps LRCUSDT 0.00001 0.0001 Perpetual swaps NEARUSDT 0.0001 0.001 Perpetual swaps OMGUSDT 0.0001 0.001 Perpetual swaps QTUMUSDT 0.0001 0.001 Perpetual swaps QTUMUSD 0.0001 0.001 Perpetual swaps RENUSDT 0.00001 0.0001 Perpetual swaps SANDUSDT 0.00001 0.0001 Perpetual swaps SRMUSDT 0.0001 0.001   Existing orders will not be canceled because of the adjustment, and users should take note of the following: 1. Open orders and historic orders will be displayed with the adjusted tick sizes by rounding down the buy orders and rounding up the sell orders. 2. After the adjustment, existing orders, including those placed by API users, will still be filled according to the original tick sizes. For example, if a tick size is adjusted to 0.01 from 0.0001, an order originally placed at the price of 130.2442 will be displayed as 130.24 but will still be filled at 130.2442. 3. After the adjustment, if an API user places an order using the older, pre-adjustment tick size, the order still can be filled, as the system will automatically adjust the tick size to be consistent with the new one. As for non-API users, they can no longer use an older tick size after the adjustment.   Users are encouraged to adjust their trading strategies based on the changes highlighted above.   For any inquiries regarding this adjustment, please feel free to contact us in the OKEx Telegram group or via the Support Center. OKEx Dec. 27, 2021   Click here to download the OKEx mobile app >>> Click here for the official OKEx Twitter account >>> Click here to join the official OKEx Telegram community >>>