HashKey Exchange implements the following order placing limits for respective trading pairs.
HashKey Exchange Trading Pairs and Parameters:
Note: HashKey Exchange reserves the right to adjust the trading pair parameters based on market conditions. For the latest parameters for each trading pair, please refer to the "Spot Trading Parameters" tab on the "Fees and Trading Parameters" page: https://exchange.hashkey.com/en-US/support-fee
Order Placing Price Limit on General Trading:
For Market Order:
A market buy order cannot be executed if the filled price exceeds 120% of latest market price. When the filled price exceeds 120% level, the order will be partially executed, with the portion that exceeds 120% level being cancelled.
A market sell order cannot be executed if the filled price is below 80% of the latest market price. If the filled price is below 80% level, the order will be partially executed, with the portion that is below 80% level being cancelled.
For example, for BTC/USDT pair, if the latest market price is at 30,000 USDT, a user places a buy ( or sell) market order for 100,000 USDT. Any portion that could have been filled at a price above 36,000 USDT for buy order (or below 24,000 USDT for sell order) will be cancelled. Assuming only 80,000 USDT order value can be filled at a price below 36,000 USDT for buy order (or above 24,000 USDT for sell order), the remaining 20,000 USDT order value will be cancelled.
For Limit Order:
A limit buy order cannot be successfully placed if the order price exceeds 120% of the latest market price.
A limit sell order cannot be successfully placed if the order price is below 80% of the latest market price.
Order Placing Restriction for New Pair Listing:
For Market Orders: The market order function will not be supported within the first five (5) minutes of a new pair listing. This duration may change based on market conditions.
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