OKEx to adjust tick sizes of futures and perpetual swap
OKX
Kaugnay na uri: Others
2021-03-29 11:06
In order to boost market liquidity and improve trading experience, OKEx will be adjusting the tick sizes for various contracts on futures and perpetual swap at 9:00 am to 9:30 am UTC on Apr. 6.
Specific adjustment details are as follows:
Contract
Underlying
Before
After
Futures
BTCUSD
0.01
0.1
Futures
EOSUSDT
0.001
0.0001
Futures
EOSUSD
0.001
0.0001
Futures
XRPUSDT
0.0001
0.00001
Futures
XRPUSD
0.0001
0.00001
Perpetual swap
1INCHUSDT
0.001
0.0001
Perpetual swap
ALPHAUSDT
0.001
0.0001
Perpetual swap
BADGERUSDT
0.01
0.001
Perpetual swap
BANDUSDT
0.01
0.001
Perpetual swap
CHZUSDT
0.0001
0.00001
Perpetual swap
CRVUSDT
0.001
0.0001
Perpetual swap
CRVUSD
0.001
0.0001
Perpetual swap
EOSUSDT
0.001
0.0001
Perpetual swap
EOSUSD
0.001
0.0001
Perpetual swap
FILUSD
0.01
0.001
Perpetual swap
FILUSDT
0.01
0.001
Perpetual swap
FLMUSDT
0.001
0.0001
Perpetual swap
KNCUSD
0.001
0.0001
Perpetual swap
KNCUSDT
0.001
0.0001
Perpetual swap
NEOUSD
0.01
0.001
Perpetual swap
NEOUSDT
0.01
0.001
Perpetual swap
SUNUSD
0.01
0.001
Perpetual swap
SUNUSDT
0.01
0.001
Perpetual swap
TORNUSDT
0.1
0.01
Perpetual swap
UMAUSDT
0.01
0.001
Perpetual swap
XRPUSD
0.0001
0.00001
Perpetual swap
XRPUSDT
0.0001
0.00001
Perpetual swap
XTZUSD
0.001
0.0001
Perpetual swap
XTZUSDT
0.001
0.0001
Perpetual swap
LUNAUSDT
0.01
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 0.001 an order originally placed at the price of 330.244 will be displayed as 330.24 but will still be filled at 330.244.
3. If any user had placed an order with the previous tick size prior to the adjustment going into effect, the original tick size will remain unchanged. 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
Mar. 29, 2021
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