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Bitget Futures: Fast Posting/Taking Order in Web

Dear Bitget users:


The following text is about Fast Posting/Taking Order in Web
The web supports fast posting orders/taking orders, which is convenient for users to place orders.


1. Introduction and function of posting order
Posting order refers to buy or sell limit order which is according to the market price of the user's selected tier, and the number of available/liquidate assets (or the number of the market).
The order function can also select the Post Only effective mechanism, which will not be executed immediately in the market. If the order will be executed immediately with an existing order, the order will be canceled. If part of the transaction is not executed, the order will be immediately executed with the existing order , then the order will also be canceled, always ensuring that the user is always a Maker. When the effective mechanism is not selected, it is an ordinary limit order.
 
 2. Introduction and function of taking orders
Taking orders refers to buy or sell limit order which is according to the market price of the user's selected tier, and the number of available/liquidate assets (or the number of the market).
The order function can also choose the two effective mechanisms of IOC or FOK. If the transaction cannot be executed immediately in the market or the transaction cannot be completed, it will be cancelled immediately. When the effective mechanism is not selected, the limit order default is always effective.

3. Function setting description
1) After opening a posting/taking order, the default is to open a position, and the user can click Open or Close to quickly switch between opening and closing positions;
2)After opening a posting/taking order, you can set the order method and quantity, and the setting items will be effective for opening and closing positions at the same time;
3)The system for posting orders will default to the Post only effective mechanism, and when not selected, it is a normal limit order; the system for taking orders will default to the IOC effective mechanism, and the user can set it to the FOK effective mechanism. That is, the default limit order is always effective;
4) The amount of open positions can be selected as the ratio of available assets or the number of orders; the amount of positions to be closed can be selected as the ratio of close positions or the number of orders. Among them, the order quantity of the posting order is the quantity of the corresponding tier, and the order quantity of the taking order operation is the cumulative quantity of the corresponding tier;
5)The user completes the settings according to actual needs and clicks Confirm. When using posting/taking orders, the system will place orders to the market according to the settings.

4. Function Use Tips
1) Use pending orders to open positions. If the set available asset ratio or the cumulative number of the selected market stalls exceeds the single order quantity limit of the currency contract, the limit on the number of positions held for long or short positions, and can be opened Quantity, then calculate the maximum entrusted quantity according to the limit to place an order;
2) Use pending orders to close a position. If the set amount of liquidation ratio or the cumulative amount of the selected market stall exceeds the limit of the single order quantity and the amount that can be squared for the currency contract, the maximum available amount will be calculated according to the limit. Entrusted quantity to place an order;
3)The function of placing a pending order is only for placing a limit order quickly and cannot guarantee a certain transaction;
4) If the price of the selected handicap position makes the account reach the liquidation price or the margin rate ≤ 0%, the order cannot be placed;
5) When the pending order is not filled, you can check the order record in the current order; the order is filled or cancelled immediately, so you can check the record in the historical order.

 

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Quantitative Market Maker Cooperation: [email protected] 

 

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