WEEX Futures: Trigger order feature

Dear WEEXers,

Trigger order means that when the latest market transaction price reaches the trigger conditions, the system will place orders according to the pre-set price and quantity set in advance.

The features of trigger order are as follows:

1. The “Trigger Order” order feature now is available in the spot and margin trading section (not apply to “Quick Margin” at the moment), and it applies to two types of orders, limit and market.The order quantity and price must follow the existing trading restrictions.

2. The assets corresponding to the order will not be blocked before the trigger order is conducted. After the trigger order is conducted (when placing an order to buy or sell according to the pre-set price and quantity), the assets corresponding to the order will be blocked.

3. The trigger order may not necessarily be triggered. Affected by factors such as price restrictions, account balances, trading pair delisting, network abnormalities or system upgrades, the trigger order may fail to be triggered.

4. The transaction may not necessarily be completed after the trigger order is triggered. Affected by market conditions, when the market fluctuates greatly and the price rises or falls sharply, the limit order or market order after the Trigger Order is triggered may not necessarily be traded.

(1) The limit order that is successfully triggered by the trigger order is the same as the ordinary limit order and the order is placed at the order price set by the user in advance. A limit order means that when the pending sell price is lower than the current market price, it will be executed at the market price. When the price of a pending order to buy is higher than the current market price, it will be executed at the market price. The order cannot be guaranteed to be filled and it depends entirely on the current market conditions.

(2) The market order that is successfully triggered by the trigger order is the same as the ordinary market order. It is bought or sold at the current market price according to the buying amount or selling quantity set by the user in advance. The order cannot be guaranteed to be filled and it depends entirely on the current market conditions.

 

Terms description:

Trigger price:When the latest transaction price reaches the set trigger price, the order will be triggered to be placed.

Order price:Namely the buying price and the selling price. When the latest price reaches the trigger price, the system automatically orders the order price. If you select the limit order, the system will automatically place an order at the buy/sell price you set. If you choose the market price, the system will automatically place the order at the market price when it is triggered.

Quantity:it means the “Order Quantity” after the trigger order is triggered. If you select the limit order, the quantity is the buy or sell quantity you set. If you select the market order, it is the total amount you set when you buy and the total selling quantity you set when selling.

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WEEX Team

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