OKEx Launched New Advanced Limit Order Options for All Markets
Developed based on the trading mechanism of the traditional stock market, the new order options enable traders to trade digital assets at a desired or even better price, so as to achieve the investment plans and maximize returns. The regular Limit Order is defaulted to “Good Till Canceled”. Under the umbrella of “Advanced Limit Order”, there are three new limit order options, namely “Post Only”, “Fill Or Kill” and “Immediate Or Cancel”.
The order will not take any liquidity so as to make the trader a market maker. If the order will match with an existing counterpart order, the post-only limit order will be canceled.
|Fill Or Kill|
It ensures the buy/sell order is entirely fulfilled and executed, otherwise it will be canceled. No partial fulfillment of order will take place under this option.
|Immediate Or Cancel|
It requires all or part of the order to be executed immediately, and the unfulfilled part of the order will be immediately canceled.
To offer a fully-immersive experience in digital asset trading, the full-screen trading for perpetual swap is now launched on OKEx.com.
Since launched, OKEx's perpetual swap recorded zero clawback and gained a stable increase in the insurance fund, thanks to the new risk management system with measures such as mark price, partial liquidation, and tiered maintenance margin ratio.
Per announced, OKEx recorded a significant increase in the trading volume and number of traders of perpetual swap. Traders can expect we will continue to enhance our user experience to meet with the market demand with more tools such as algo orders and trading calculator, which are expected in the coming weeks.
Andy Cheung, Head of Operations of OKEx