To protect clients from excessive price deviations, the following mechanisms are in place for all trades:
1. Limit Order Price Bounds
Buy Orders: The limit price cannot exceed 120% of the current market price.
Sell Orders: The limit price cannot be below 80% of the current market price.
These bounds help ensure your orders are executed within a reasonable range of the market price.
2. Market Order Price Protection
For market orders, the execution price is subject to market conditions. To mitigate the impact of volatility:
A 5% price protection buffer is applied during the order fulfillment process.
As a result, the final filled amount may differ from your initial order amount.
Additionally, under our upstream provider’s protection rules, if the execution price deviates by more than 5% from the mid-price at the time of matching, any unfilled portion of the order will be automatically canceled.