Malta-based digital asset exchange OKEx has launched Advance Limit Order Options for spot trading, margin trading, futures, and perpetual swap on OKEx.com, OKEx App, and API – Post Only, Fill or Kill, and Immediate or Cancel.
The exchange has also unveiled full-screen trading for perpetual swap on the website, offering a fully-immersive experience in digital asset trading.
Developed based on the trading mechanism of a traditional stock market, the new order options enable traders to trade digital assets at a desired or even better prices. The regular Limit Order is defaulted to Good Till Canceled.
The Post Only order will not take any liquidity so as to make the trader a market maker. If the order matches with an existing counterpart order, the post-only limit order will be canceled.
The Fill or Kill order ensures the buy/sell order is entirely fulfilled and executed, otherwise it will be canceled. No partial fulfilment of order will take place under this option.
The Immediate or Cancel order requires all or part of the order to be executed immediately, and the unfulfilled part of the order will be immediately canceled.
Since launch, 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,” says Andy Cheung (pictured), Head of Operations of OKEx. “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.”
