Conversation

SBF
@SBF_FTX
1) $FIL has been extremely volatile today -- moving up and down 100's of percents. Also huge difference between exchanges, and between spot and futures. Overall it was a pretty eventful launch! Two notes: --index --price bands and failed orders
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SBF
@SBF_FTX
2) There is now an index for $FIL! Binance USDT Binance BTC Huobi USDT Huobi BTC Kraken USD Funding is quite negative -- close to 1% per hour for longs. Watch out!
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SBF
@SBF_FTX
3) $FIL hit price bands a few times. This is generally your responsibility to understand, and we make absolutely no promises going forward; we likely will _not_ do this again, and definitely not for anything except exactly this, but:
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SBF
@SBF_FTX
4) If you got rejected due to price bands in $FIL while closing, we can give you that trade. This means: Before 3:30am HK , at ftx.com/trade-history, you have an order in FIL-PERP or FIL-1225 which: a) closing market order b) has status 'canceled' c) didn't get any fills
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SBF
@SBF_FTX
5) This *only* applies if a-c apply, and will not be done again. This happens because FTX has temporary price bands to prevent large wicks; those kicked in during huge $FIL moves. If a-c apply to you, email support@ftx.com with your subaccount name by 11pm HKT today.
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SBF
@SBF_FTX
6) Every system went as designed at FTX, but it probably would have made sense to widen out price bands given the large expected volatility.
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