Trading Time：Available for 24hours
Definition: Platform trading mode operates by matching transactions. When the buyer and seller submit their orders, the platform will facilitate the transaction based on the price priority and time priority principles.
The system randomly selects a moment in every minute to take a depth snapshot for all transactions on the platform and calculate the liquidity index of that moment. The median liquidity index for all snapshots for that day will be considered as the liquidity index for the trading pair during that day.
A high liquidity index would mean that the liquidity of the transaction during that day is good.
- Price Priority
Higher purchase orders will have precedence over lower purchase orders and lower selling orders will have precedence over higher selling orders.
If A has a buying price of 101 dollars per unit and B has a buying price of 100 dollars per unit, then A’s transaction will be given priority.
If A has a selling price of 101 dollars per unit and B has a selling price of 100 dollars per unit, then B’s transaction will be given priority.
- Time Priority
Priority will be given to order submitted first for the same price. This means whoever submitted their order, will be given priority first.
If A submits a selling order at 09:00 and B submits a selling order at 09:10, then A’s transaction will be given priority.